Earned Wage Access (EWA) Legal Framework Evolving

 Saw this article in Payments Dive. The regulatory treatment and perspective on the Earned Wage Access (EWA) industry continues to evolve. Kansas became the 4th state to sign an industry back law creating a regulatory and licensing framework but going well less than consumer advocates wanted. Payactive quickly pointed out the Kansas considered it a new financial services product and that it was not subject to credit or lending requirements.  By contrast, California and Connecticut have treated the industry as a lending platform. Your thoughts?



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