Lawmaker asks CFPB to probe 'rent now, pay later' as payday-like
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…
Yearly Archive
Archive: 2026
OneMain moves to dismiss states' loan add-on lawsuit
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…
Trump nominates Brian Johnson to lead the CFPB
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…
Washington now requires earned wage access apps to be licensed
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…
New York Credit Unions Push to Treat Wage-Advance Apps as Loans
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…
Federal Judge Rules Brigit's Cash Advances Are Payday 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…
13 State AGs Sue OneMain Financial Over Loan "Packing"
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…