Federal Agency Interpretation

Withdrawn by 90 Fed. Reg. 20,084 (May 12, 2025).

Withdrawn by 90 Fed. Reg. 20,084 (May 12, 2025).

The Consumer Financial Protection Bureau (CFPB) is issuing this advisory opinion to rescind an advisory opinion it issued in November 2020 that described how one particular type of ‘‘earned wage’’ product does not involve the offering or extension of ‘‘credit’’ as that term is defined in the Truth in Lending Act and Regulation Z.

The Bureau of Consumer Financial Protection (Bureau) is adopting a final rule that codifies the Interagency Statement Clarifying the Role of Supervisory Guidance, issued by the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and the Bureau (collectively, the agencies) on September 11, 2018 (2018 Statement).

Withdrawn by 90 Fed. Reg. 20,084 (May 12, 2025).

Withdrawn by 90 Fed. Reg. 20,084 (May 12, 2025).

Withdrawn by 90 Fed. Reg. 20,084 (May 12, 2025).

Withdrawn by 90 Fed. Reg. 20,084 (May 12, 2025).

Withdrawn by 90 Fed. Reg. 20,084 (May 12, 2025).

Withdrawn by 90 Fed. Reg. 20,084 (May 12, 2025).