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E
arned wage access (EWA) or on-demand pay programs have been framed as a “win-win” for employees and emp
loyers.Allowing workers to access wages ahead of a scheduled payday holds the promise of helping them alleviate financial stress. At the same time, such a benefit may fuel positive outcomes for HR departments, such as improved retention rates, surveys have sug
gested.But consumer advocates warn that EWA programs can be harmful if they carry hidden fees that lead employees to take on debt. Now, more states are moving to regulate the EWA industry, with Arkansas, California, and Utah recently enacting laws intended to protect