This is a news story, published by UPI, that relates primarily to The Consumer Financial Protection Bureau news.
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paycheck advance loansUPI
•78% Informative
The Consumer Financial Protection Bureau proposes a new rule treating paycheck advance products as consumer loans under the Truth In Lending Act.
The rule would require lenders to disclose the actual costs and fees when workers take paycheck advances often marketed as "earned wage" products.
When workers get that money they have to pay fees, not just repay the money advanced.
VR Score
89
Informative language
94
Neutral language
78
Article tone
formal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links