Earned Wage Access Legislation & Biden Admin’s Opposition to IL’s Interchange Fee Law
Statehouse Shift Ahead for Earned Wage Access?
In recent years earned wage access apps, which allow workers to obtain access to their earnings before they receive their paychecks, have exploded in popularity. And providers including DailyPay, Dave, EarnIn and Payactiv, have been lobbying aggressively for state laws regulating the products as a new financial service that isn’t subject to interest rate limits or...