1 of 1
Story summary
- Earned wage access (EWA) is expanding as many U.S. corporations offer it before payday.
- The benefit is increasingly popular and has surpassed participation in 401(k) plans.
- The Consumer Financial Protection Bureau found that most workers incur fees, averaging $68.88 annually.
- Legislative efforts are underway to regulate earned wage access and require fee disclosures.
- Ongoing lawsuits challenge EWA practices.
