AS EARNED WAGE ACCESS (EWA) CONTINUES RAPID GROWTH MORE TRANSPARENCY, OVERSIGHT NEEDED

EWA offers potential benefits compared to payday loans but may include hidden costs, with some APRs as high as 400%; advanced wages triple to $9.5 billion from 2018 to 2020 NEW YORK, June 28, 2023 /PRNewswire/ — The rapid adoption of Earned Wage Access (EWA) programs holds both potential…