Apps News The Costs And Pitfalls Of ‘earned Wage Access’ Apps That Offer Loans Between Paychecks
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US agency says apps that let workers access paychecks before payday are providing loans
The Consumer Financial Protection Bureau said Thursday that apps that allow workers to access their paychecks in advance, often for a fee, are providing loans and therefore subject to the Truth in ... Read More
Some Workers Are Turning to Pay-Advance Apps for Basic Expenses
Rising use “is not a signal of satisfaction,” an author of a new report says. Rather, heavy users of the apps are under “financial strain.” By Ann Carrns Pay-advance apps are marketed as a way to help ... Read More
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