Practice Area: Small Dollar Loans
Subject Matter: Truth in Lending Act
Post Type: Advocacy, Comment Letters
NACA joined a group of 189 organizations on a letter to Rep. Bryan Steil (WI-1) opposing the introduction of any bill that would exempt Earned Wage Access loans from the requirements of the Truth in Lending Act (TILA). Rep. Steil previously introduced the Earned Wage Access Consumer Protection Act, H.R. 7428 which would have specified that Earned Wage Access products are not consumer credit products under TILA.
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