earned wage access

CFPB Says Earned Wage Access Programs Are Consumer Loans

CFPB Says Earned Wage Access Programs Are Consumer Loans
CFPB Says Earned Wage Access Programs Are Consumer Loans
July 18, 2024  |  Legal & Regulation

Regulators are painting several types of lending products with a broad brush, bringing an ever-widening swath of lenders under federal purview. Fresh off its rulemaking...

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Chime Acquires Salt Labs, Launches Business Unit Focused on Employers
Chime Acquires Salt Labs, Launches Business Unit Focused on Employers
June 27, 2024  |  Partnerships

Chime has acquired Salt Labs to accelerate Chime’s growth through the employer channel. The resources of Salt Labs, an enterprise technology company whose flagship product is...

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DailyPay COO Stacy Greiner to Serve as Interim CEO
DailyPay COO Stacy Greiner to Serve as Interim CEO
May 28, 2024  |  Personnel

DailyPay CEO Kevin Coop will step down from that position to pursue other endeavors and serve as a board advisor for the company. The WorkTech...

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Chime to Add Earned Wage Access Offering to Banking App
Chime to Add Earned Wage Access Offering to Banking App
May 15, 2024  |  Banking

Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and...

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Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
May 07, 2024  |  Earnings

Marqeta’s latest results and commentary showed momentum in the company’s transaction processing operations — and opportunity in nascent markets such as earned wage access.  CEO...

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Congress Advances Earned Wage Access Bill as Popularity Grows
Congress Advances Earned Wage Access Bill as Popularity Grows
April 18, 2024  |  Personal Finance

When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA)...

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Marqeta and Rain Team to Offer Earned Wage Access Debit Cards
Marqeta and Rain Team to Offer Earned Wage Access Debit Cards
April 18, 2024  |  Consumer Finance

Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with...

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Wisconsin Law Fuels Ongoing Earned Wage Access Debate 
Wisconsin Law Fuels Ongoing Earned Wage Access Debate 
March 28, 2024  |  Payroll

Gone are the days when financially constrained employees had to wait for the conventional two-week pay cycle to receive their wages.  Nowadays, earned wage access (EWA), also...

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