Congressional Research Service Issues In Focus White Paper on Earned Wage Access Products
August 01, 2024
August 01, 2024
WASHINGTON, Aug. 1 -- The Congressional Research Service issued the following In Focus white paper (No. IF12727) on July 31, 2024, by financial economics analysts Paul Tierno and Karl E. Schneider.
Here are excerpts:
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Earned Wage Access Products
For many people, the need for cash in between paychecks is a substantial burden. Earned wage access (EWA) products have generally been developed by technology-focused, nonbank financial technology . . .
Here are excerpts:
* * *
Earned Wage Access Products
For many people, the need for cash in between paychecks is a substantial burden. Earned wage access (EWA) products have generally been developed by technology-focused, nonbank financial technology . . .