CFPB eyes earned wage access apps as loans under law
The Consumer Financial Protection Bureau says apps that give workers early access to paychecks operate as loans and must disclose costs under the Truth in Lending Act. The agency proposes a rule to curb aggressive pricing, requiring clear APRs and inclusion of tips and instant-transfer fees in loan costs.
MENTIONED IN THIS ARTICLE
Consumer Financial Protection Bureau
CFPB
Rohit Chopra
Government Accountability Office
Center For Responsible Lending
California Department of Financial Protection and Innovation
Chopra
Connecticut
EarnIn
Penny Lee
Financial Technology Association
Hiring trends show strong AI interest and cross sector demand
Across industries from tech to finance and fashion, demand for AI skills rises while 50 percent seek new roles. Leaders cite AI adoption as essential but lacking confidence and skills. New tools boost recruiter messaging acceptance by 40 percent and job seeker features aid fit assessment and resume building.
MENTIONED IN THIS ARTICLE
Ing
Olympics by the numbers at Paris 2024 Opening Ceremony
Paris 2024 officials say 10 500 athletes will float in nearly 100 boats along the Seine for the opening ceremony with 320 000 plus spectators along the six kilometer route. More than 104 000 tickets were paid while 222 000 were free inviting spectators. Worldwide television audience is expected to reach about 1 5 billion.
MENTIONED IN THIS ARTICLE
Paris
Seine
Rio
Maracana
Paris 2024
City of Lights
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