Allows Earned Wage Products to Offer Credit

Official: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work".

IntroducedMarch 26, 2026

Finance and Financial SectorAdministrative law and regulatory proceduresCongressional oversightConsumer Financial Protection BureauConsumer credit

Why This Matters

This resolution nullifies a rule that defined certain earned wage products as not involving credit, allowing them to be treated as credit again.

If you use earned wage access products, this resolution could lead to higher fees and stricter repayment terms.

Affects: This resolution affects workers who rely on earned wage access products for immediate cash flow.

What does this resolution do?

1. This resolution removes the Consumer Financial Protection Bureau's advisory opinion that defined certain earned wage products as not being credit. 2. By disapproving this rule, companies can again classify these products as credit under federal law. 3. This change may lead to increased fees and interest rates for consumers using earned wage products. 4. Borrowers may face stricter terms and conditions when accessing these financial products. 5. The resolution could impact how companies market and provide earned wage access to workers.

Who is affected?

This resolution affects workers who rely on earned wage access products for immediate cash flow.

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