The article explores the growing reliance on Earned Wage Access (“EWA”) products in the financial market, where many individuals live paycheck-to-paycheck. EWA allows employees to access earned wages before payday, with products generally categorized into employer-integrated and direct-to-consumer models. The Consumer Financial Protection Bureau has shifted its stance on EWA, initially not considering it as credit under the Truth in Lending Act, but later suggesting they might be consumer le
...THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 193.68.89.183
Please verify email or join us to access premium content!