Senator negotiators advance more than $1 trillion in 2025 government funding

Senate negotiators voted Thursday to frontload more than $1 trillion in fiscal 2025 government funding, passing four spending bills with overwhelming bipartisan support. The powerful Senate Appropriations Committee on Thursday passed the bill, which provides funding for the departments of Defense, Energy, Labor, Health and Human Services (HHS) and Education, as well as financial services, […]

CFPB cracks down on paycheck advance products

The Consumer Financial Protection Bureau (CFPB) on Thursday proposed new rules to classify popular paycheck advance products as consumer loans, a move the bureau said would ensure lenders provide borrowers with important information about costs and fees. Nearly three-quarters of workers get paid every two weeks or monthly, according to the CFPB, and lenders have […]