ALBAWABA - Popular payday advance products will now be classified as consumer loans under a new regulation that the Consumer Financial Protection Bureau (CFPB) announced on Thursday. The CFPB claims this would guarantee lenders provide customers important information about charges and fees under the 1968 Truth in Lending Act. With nearly 75 percent of workers getting paid biweekly or monthly, the CFPB says that the mismatch between wage payment and ...