News About the Ever-Changing Payday Advance Industry
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Regulation
A member of Congress has asked the Consumer Financial Protection Bureau to investigate the fast-growing "rent now, pay later" industry, warning that some products charge…
Installment lender OneMain Financial has asked a federal court to throw out a lawsuit by 13 states over how it sells loan add-on products, arguing the case relitigates conduct a…
President Trump on June 10, 2026, nominated Brian Johnson, a former No. 2 official at the Consumer Financial Protection Bureau, to serve as the agency's permanent director…
Earned wage access providers must now hold a state license to operate in Washington. Under House Bill 1063, effective July 1, 2026 , no company may offer the paycheck-advance…
Nearly 30 New York credit unions urged state lawmakers on May 28, 2026 to pass the Stop Taking Our Pay (STOP) Act , which would regulate earned-wage-access (EWA) apps as loans…
A federal judge ruled on April 10, 2026 that cash-advance app Brigit's "Instant Cash" product is essentially a payday loan, allowing a lawsuit by active-duty…
A bipartisan coalition of 13 state attorneys general sued installment lender OneMain Financial on March 16, 2026, alleging it loaded loans with expensive optional products that…
The Consumer Financial Protection Bureau said on December 23, 2025 that certain employer-partnered earned wage access (EWA) products are not "credit" under the Truth in…
A bipartisan group of Wisconsin lawmakers introduced bills in early December 2025 that would cap the annual percentage rate on payday and installment loans at 36% — a state where…
The Federal Trade Commission moved on July 21, 2025 to shut down a debt-relief operation marketed as "Accelerated Debt," alleging it deceived consumers — including…
The Consumer Financial Protection Bureau said it will not prioritize enforcing two key parts of its payday lending rule, easing pressure on short-term lenders.
Car-title lenders are doing business in 22 states and the District of Columbia that prohibit the loans , according to a Center for Responsible Lending research brief released…