PayActiv Wins CFPB Approval for Earned Wages Access Programme
The Consumer Financial Protection Bureau today issued a groundbreaking approval order (Approval) confirming that Payactiv is Earned Wage Access (EWA) Program is not credit and therefore is exempt from the federal Truth in Lending Act (TILA) and Regulation Z rules governing creditors. Specifically, the Approval notes that a Payactiv EWA......