![CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers](https://image.cnbcfm.com/api/v1/image/108008518-1721328316055-gettyimages-2156767708-CFPB_CONGRESS.jpeg?v=1721328377&w=1920&h=1080)
- The Consumer Financial Protection Bureau proposed a rule that would label paycheck advance programs as loans, if users are charged a fee.
- These programs are sometimes known as earned wage access, daily pay, instant pay, accrued wage access, same-day pay and on-demand pay.
- Under the proposed rule, users would see fees expressed as an APR, like credit-card interest rates.