News About the Ever-Changing Payday Advance Industry
Section
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…
Regulation
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…
Regulation
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.
Regulation
Democrat Representative Luis Gutierrez says that while his bill does have some crucial protections for borrowers it will be the best deal he can manage in the face of the industry’s aggressive lobbying.
Regulation
South Carolina legislators gave overwhelming key approval to a bill aimed at preventing residents from being trapped in a cycle of debt through payday lending.
Regulation
The Virginia Senate unanimously passed a bill Friday that that would fix a loop hole that was opened to payday lenders starting January 1st.
Regulation
Today South Carolina lawmakers debated new regulations that could change the way you get money from payday loans or if you can get it at all.
Regulation
Senate legislation introduced today was designed to tighten down on payday lenders who were getting around the new regulations that took effect January 1st.