Earned Wage Access: Innovation or Payday 2.0?
Manage episode 451980196 series 3394182
Yasmin Farahi and Lucia Constantine from the Center for Responsible Lending discuss the promises and perils of Earned Wage Access programs. Discover how these fintech products operate, the financial traps they can create, and the regulatory debates shaping their future.
Related Links:
A Loan Shark in Your Pocket: The Perils of Earned Wage Advance
Not Free: The Large Hidden Costs of Small-Dollar Loans Made Through Cash Advance Apps
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