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CFPB dilemmas conformity help sandbox approval for earned wage access item

The CFPB has given an approval order through its Compliance Assistance Sandbox Policy (CAS Policy) to Payactiv associated with its earned wage access (EWA) system.

The approval purchase confirms that Payactiv’s EWA program described into the purchase will not include the providing or expansion of “credit” as defined by section 1026.2(a)(14) of Regulation Z, …

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