CFPB Earned Wage Access Program Opinion redefines CREDIT (Question)

23/12/2020 45 min Temporada 1 Episodio 2

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Episode Synopsis

What was the CFPB's intention when it issued an opinion on the Earned Wage Access program structures now available in the marketplace?  Was it intended to narrowly define what credit is not?  Jeff Naimon and Josh Kotin of Buckley LLP (https://buckleyfirm.com/) wrote a short article outlining some potential interpretations and their lateral impacts to some Financial Companies.