Dan Quan

The CFPB must unequivocally state that consumers own their financial data and prohibit financial institutions from monetizing access to it. No one, not even the biggest bank in the country, should dictate with whom consumers can share their data.

The bureau is threatening to change its stance and classify EWA programs as loans. This is unwise and will harm consumers.

California's bid to regulate EWA programs as though they are loans would harm workers, companies and the state's economy.

It should offer some form of guidance to spur innovation, a former official with the bureau says.

It should offer some form of guidance to spur innovation, a former official with the bureau says.

Critics have knocked the product, which provides workers access to their wages before payday, as another form of predatory lending. But California has a new bill that would create a legal framework for this short-term lending alternative, and policymakers elsewhere should follow the state's lead.

The former head of the agency’s innovation initiative, Project Catalyst, argues the bureau can take several steps to update its innovation policies.

The former head of the agency’s innovation initiative, Project Catalyst, argues the bureau can take several steps to update its innovation policies.