Employer-Driven Debt

CFPB: American Workers Saddled by Employer-Driven Debt
CFPB: American Workers Saddled by Employer-Driven Debt
July 20, 2023  |  CFPB

America’s consumer watchdog says too many workers are falling into TRAPs. That stands for “training repayment agreement provisions,” a form of employer-driven debt the Consumer Financial...

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CFPB Probes Employer Repayment Requirements for Training, Supplies
CFPB Probes Employer Repayment Requirements for Training, Supplies
June 09, 2022  |  CFPB

The Consumer Financial Protection Bureau is looking into various practices and financial products that could leave employees indebted to employers, a press release said Thursday...

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