Event Details

Join us as we explore the evolving landscape of earned wage access (EWA) in the context of the current administration's regulatory approach and the Department of Government Efficiency's (DOGE) focus on streamlining oversight and compliance. This webinar will examine the financial challenges faced by low to moderate-income employees while analyzing the implications of the Consumer Financial Protection Bureau's (CFPB) proposed interpretive rule on EWA products.

The proposed rule marks a significant departure from the CFPB's 2020 advisory opinion, which stated that EWA products did not constitute "credit" under the Truth in Lending Act (TILA) if certain conditions were met. The current regulatory environment, shaped in part by DOGE's initiatives, suggests broader definitions of "credit," potentially increasing oversight and compliance demands for EWA providers while aiming to improve efficiency in regulatory processes.

During this webinar, we will explore:

• The implications of the CFPB's reversal from its 2020 advisory opinion and the Trump administration's influence on these changes
• How the proposed rule redefines "credit" under the TILA and the potential ramifications for the EWA industry
• The debate over classifying optional tips and expedited funds fees as finance charges
• The role of the DOGE in reshaping regulatory frameworks for financial services
• Broader industry impacts, such as the ripple effects on EWA providers, employees, and the overall financial services ecosystem

Sponsored by:     

Credit Information

Earn 1.0 Recertification Credit Hours (RCHs) or 0.10 Continuing Education Units (CEUs) when attending this webinar. CPE credits are not available for webinars on demand.