What to Know About Online Paycheck Advances and Why They Face Scrutiny
The Consumer Financial Protection Bureau has proposed a rule that would treat the offerings as loans, requiring the providers to disclose their charges as interest rates. [Source]
Publication Date:Origin: nytimes.com
Category: Regulation and Deregulation of Industry
Topics: rates, interest, charges, disclose, providers, requiring, loans, offerings, treat, would, proposed, Bureau, Protection, Financial, Consumer, Scrutiny, Advances, Paycheck, Online, About
Source: https://www.nytimes.com/2024/08/09/your-money/online-paycheck-advances-tools.html