Appearing in Payments Dive on October 16, 2023, James Pothen covers policy recommendations issued by NCLC and the Center for Responsible Lending.
Boston-based NCLC called out Missouri and Nevada for passing “industry-backed” EWA laws, saying they “lack any meaningful substitute consumer protections.” The NCLC has expressed concern that the burgeoning on-demand pay industry, which includes players such as Payactiv, DailyPay and EarnIn, is not being treated like payday lending.
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