Welcome to the Tearsheet Podcast. I’m Tearsheet editor in chief, Zack Miller. Earned Wage Access has become an important value proposition for workers and many neobanks generally offer it. But for largest incumbent institutions, few do offer it and a lot of it has to do with the lack of regulatory clarity – each state has a different approach to it. But that’s changing. Nico Simko, CEO of Clair, joins me on the podcast to talk about the evolution of EWA and some of the recent legal moves some states have taken to clear things up. Clair is a free on-demand pay app for front line workers. In addition to drilling down on regulatory changes for earned wage access, we also tackle: ** Clair’s distribution strategy ** How the app helps people save money ** The mechanics of wage advance and how they work ** Clair’s fundraising history and where Nico wants to steer the firm in the future