The Consumer Financial Protection Bureau (CFPB) has terminated special regulatory treatments for two companies, Payactiv and Upstart, in less than one month, losing more than 20% of the firms using special procedures that seek to foster innovation. First, on June 8, the bureau terminated Upstart’s...
The Consumer Financial Protection Bureau (CFPB) has ended financial services provider Payactiv’s Sandbox Approval Order for its earned wage access products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
U.S. Bank has partnered with financial wellness platform Payactiv to offer a new solution that gives clients better earned wage access (EWA), the companies announced Wednesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Payactiv‘s Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
March 07, 2019
If rules were made to be broken, what better rule to break than the rigid two-week payday cycle? Visa and PayActiv have teamed up to offer on-demand access to earned wages, which Cecilia Frew, SVP and head of North America push payments at Visa Direct, says can be a game-changer for employees — and especially gig workers.
June 30, 2022
The Consumer Financial Protection Bureau (CFPB) has ended financial services provider Payactiv’s Sandbox Approval Order for its earned wage access products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing […]
February 16, 2022
U.S. Bank has partnered with financial wellness platform Payactiv to offer a new solution that gives clients better earned wage access (EWA), the companies announced Wednesday (Feb. 16). Get the...
December 30, 2020
Payactiv‘s Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB), according to a press release. Get the Full...
September 02, 2019
Regulators are taking a closer look at financial apps that allow workers to access their pay early. Get the Full Story Complete the form to unlock this article and enjoy...
