The watchdog proposed a rule that would label earned wage access programs as loans. Fees would need to be expressed in APR terms, like a credit card.
Press Releases
- Reuters reveals India demands nearly $250 million from Pernod for undervaluing imports
- Reuters reveals chip toolmaker KLA to stop sales and service to China to comply with U.S. export curbs
- Reuters reveals U.S. judge approves sales process for shares in Citgo Petroleum’s parent company
- Reuters reveals Toshiba’s preferred bidder offers price short of key 6,000 yen a share
- Reuters reveals Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’
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