Earned wage access regulation rolls out, and it seems headed for complications. States differ in their definition of the sector.
Earned wage access can provide a solution to an underserved population in need of cash, but fee structures may need clarification.
This week Isabelle sat down with Stacy Greiner from DailyPay to talk about the earned wage access as an alternative to high cost PayDay loans.
Earned Wage Access has, until now escaped the confines of sector-specific regulation. Nevada has stepped up to change that.
DailyPay launched a reloadable prepaid card powered by Visa and Bancorp Bank for on-demand paycheck spending.