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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A Loan Shark in Your Pocket: The Perils of Earned Wage Advance

Paying to be Paid: Consumer Protections Needed for Earned Wage Advances and Other Fintech Cash Advances

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CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products

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

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