web analytics

Putting Earned Wage Access in its Place: A Guide for Employers

This post was originally published on this site

In December 2023, the Consumer Financial Protection Bureau (CFPB) announced plans to outline how consumer lending laws interact with earned wage access (EWA) programs. These programs have grown in popularity as a solution for employees living paycheck to paycheck, offering early access to earned wages and, in theory, helping to dodge financial penalties like late fees and negative impacts on credit scores.

However, the landscape of EWA solutions is complex, marked by varied terms, conditions, and fees that are not always clear to employees or employers. Moreover, evidence suggests that these solutions are often used like painkillers, leading

Read Full Story

See also  HR 2025 Predictions
,

Get the Latest HR Headlines

* indicates required

HR NEWS MARKETPLACE


»Diversity and Inclusion Job Board


»Free HR Software Advice


»RecTech PR Newswire


»HR News


»Recruiting Newsletters


»HR Tech News


»HR Freelancers


»Jobs with Relocation Assistance


»Diversity Hiring News


»Recruiter Ebooks