The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees
Work Life
APRIL 23, 2024
” Branch, who was working as an administrative assistant in Charleston, South Carolina, downloaded the app, agreed to the flat fee, and added the suggested “tip.” ” In its report, the department found that borrowers who use Earned Wage Access take out an average of 36 loans a year. per tip on average.
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