May 19, 2023 — Featured News

Originally appearing in American Banker (by subscription), Miriam Cross interview Lauren Saunders in a look at attempts across state legislatures to regulate earned wage access services.

“California is not banning the product, but it is making clear they are loans, that they are generally subject to California financing laws and they must comply with fee and rate caps including tips and donations.”

Lauren Saunders, associate director at the National Consumer Law Center.

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