The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees
Work Life
APRIL 23, 2024
Proponents of the apps say they help people living paycheck to paycheck manage their finances and avoid the need for more onerous options, such as payday loans or overdrawing a bank account. Amazon and Walmart, for example, do not always charge employees for early access to earned wages outside of regular pay periods.
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