A Sign Of Things To Come: The California DFPI Exercises Its New Authority In Regulating Earned Wage Access Products
By EsqSocial Corporation 01/02/21
The law creating a new California mini-CFPB took effect on January 1, 2021, and a few weeks later, the California Department of Financial Protection and Innovation (DFPI) entered into “first-of-their kind” memoranda of understanding (MOUs), by which the DFPI will regulate earned wage access (EWA) products offered by five companies in California......
By: Morrison & Foerster LLP