Home / Agencies / CFPB / 2024-16827
Proposed Rule

Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work

Agency
CFPB
Document Number
2024-16827
Published
July 31, 2024
Effective Date
-

Abstract

The Consumer Financial Protection Bureau (CFPB) is charged with promoting competition and innovation in consumer financial products and services. After careful study of emerging offerings in the paycheck advance marketplace, including those marketed as "earned wage advances" and "earned wage access," the CFPB is proposing this interpretive rule to help market participants determine when certain existing requirements under Federal law are triggered. The proposed interpretive rule would also address certain costs that are in substantial connection with extensions of such credit, such as expedited delivery fees and costs marketed as "tips."

Federal Register Source

This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.

View Full Text on FederalRegister.gov →

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Frequently Asked Questions

What is the 2024-16827 Federal Register document?
Document 2024-16827 is a Proposed Rule published by the Consumer Financial Protection Bureau in the Federal Register on July 31, 2024. The Consumer Financial Protection Bureau (CFPB) is charged with promoting competition and innovation in consumer financial products and services. After careful study of emerging offerings in the paycheck advance marketplace, including those marketed as "earned wage advances" and "earned wage access," the CFPB is proposing this interpretive rule to help market participants determine when certain existing requirements under Federal law are triggered. The proposed interpretive rule would also address certain costs that are in substantial connection with extensions of such credit, such as expedited delivery fees and costs marketed as "tips." View the original at https://www.federalregister.gov/documents/2024/07/31/2024-16827/truth-in-lending-regulation-z-consumer-credit-offered-to-borrowers-in-advance-of-expected-receipt-of.
Is document 2024-16827 an economically significant rule?
No. Document 2024-16827 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.

Other Rules from CFPB

Equal Credit Opportunity (Regulation B); Special Purpose Credit Programs; Rescission
Final Rule · Jun 2026
Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
Final Rule · May 2026
Equal Credit Opportunity Act (Regulation B)
Final Rule · Apr 2026
Equal Credit Opportunity Act (Regulation B)
Proposed · Feb 2026
Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold
Final Rule · Jan 2026
Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold
Final Rule · Jan 2026
View all Consumer Financial Protection Bureau rules →

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