Earned Wage Access: Innovation or Payday 2.0?

Yasmin Farahi and Lucia Constantine from the Center for Responsible Lending discuss the promises and perils of Earned Wage Access programs. Discover how these fintech products operate, the financial traps they can create, and the regulatory debates shaping their future.

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House of Representatives Digital Assets, Financial Technology, and Inclusion Subcommittee Hearing “Modernizing Financial Services through Innovation and Competition.” Statement for the Record Ram Palaniappan, CEO, EarnIn October 25, 2023