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The Independent UK
The Independent UK
National
Cora Lewis

US agency says apps that let workers access paychecks before payday are providing loans

CFPB Rohit Chopra The Consumer Financial Protection Bureau
Copyright 2024 The Associated Press. All rights reserved

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The Consumer Financial Protection Bureau said Thursday that apps that allow workers to access their paychecks in advance, often for a fee, are providing loans and therefore subject to the Truth in Lending Act.

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