CFPB Issues Groundbreaking Approval Order of Payactiv Earned Wage Access

Compliance E-Book

Payactiv Sets the Bar for Earned
Wage Access Compliance

EWA isn’t credit

Payactiv EWA is exempt from Truth in Lending Act (TILA) and Regulation Z rules governing creditors.

The first of its kind

The Approval Order is specific to Payactiv and the first time the bureau has issued an approval for a financial innovation.

Exclusive to Payactiv

Payactiv is the only EWA model with an Approval Order from the CFPB.

Watch the On-Demand Webinar

Our Chief Legal Officer, David Reidy, discusses the Approval Order and what it means for the future of EWA.

Webinar-01192021-HighLevel-Desktop

Learn More in Our E-Book

See how this Approval Order affects the Earned Wage Access space and what Payactiv has done to get here.

The CFPB Approval Order describes the Payactiv EWA Program as an “innovative mechanism for allowing consumers to bridge the gap between paychecks;" and also covers both Payactiv’s free and fee-based EWA models.

CFPB, Payactiv Approval p.8 (Dec. 30, 2020)     Read here

Access is more than a paycheck.
It's peace of mind.

Access is more than a paycheck. It's peace of mind.

© 2021 PayActiv, Inc. All Rights Reserved