News + Insights — FlexWage Earned Wage Access

How EWA Transforms Employee Lives: Real Stories of Managing Finances Between Paychecks

October 3, 2024

For many hard-working individuals, managing finances between paychecks can be stressful. When life's unexpected expenses arise, waiting for payday can feel like an impossible stretch. Continued

The 2024 CFPB Interpretive Rule on EWA: Comprehensive Analysis and Revealing Insights

September 23, 2024

By FlexWage

The Consumer Financial Protection Bureau (CFPB) recently proposed an Interpretive Rule regarding Earned Wage Access (EWA) programs. The rule is still in the comment phase of the process. Continued

EWA vs. Payday Loans: A Quick Guide for HR Leaders

September 16, 2024

By FlexWage

As an HR leader, understanding financial tools that support your employees’ financial well-being is crucial. Two tools—Earned Wage Access (EWA) and payday loans—offer different benefits and risks. Continued

Decoding Compliance: Seven Criteria to Qualify as a Covered EWA Program

April 15, 2024

By FlexWage

A "Covered EWA Program" was defined by the Consumer Financial Protection Bureau (CFPB) in their advisory opinion, "Truth in Lending (Regulation Z); Earned Wage Access Programs. " A Covered EWA Program must meet seven critical criteria. Continued

112 Powerful Statistics To Support Financial Wellness Benefits

February 14, 2024

By FlexWage

The following 112 power financial wellness statistics from 2023 support your company’s decision to add Earned Wage Access (EWA) financial wellness programs to your HR benefits suite. Estimated Reading Time: 13 minutes Image: Pink piggy bank… Continued

Connecticut Concludes FlexWage Earned Wage Access Not A Loan

January 3, 2024

By FlexWage

FlexWage’s earned wage access solution does not require state lender licensing. SCOTTSDALE, ARIZONA (January 3, 2024) - FlexWage today announced that the Connecticut Department of Banking (CDoB) has concluded that the FlexWage Earne… Continued

New State EWA Legislation—An Act Of Misplaced Trust and Faith?

December 13, 2023

By FlexWage

New state Earned Wage Access (EWA) legislation can and must do more to protect the users of EWA. Estimated reading time: 6 min Image: An illustration of a crack in cement that breaks the word trust into two parts. Continued

22 Urgent Questions To Help You Select The Best EWA Benefit Provider

November 1, 2023

By FlexWage

Selecting the best Earned Wage Access (EWA) benefit provider is a critical decision with far-reaching implications. Estimated reading time: 5 min Image: Question mark emblazoned in fire above a man’s outstretched hand. Continued

FlexWage Encourages HR and C-Suite Decision Makers To Thoroughly Evaluate EWA Vendors

November 1, 2023

By FlexWage

FlexWage releases a list of five critical elements and 22 questions to demystify the evolving vendor solutions and regulatory environment of EWA programs. SCOTTSDALE, ARIZONA (November 1, 2023) - FlexWage today released an evaluation guide to he… Continued

The OnDemand Pay Patent

October 20, 2023

By FlexWage

The OnDemand Pay patent is an innovation created by Frank Dombroski. The original patent for the Earned Wage Access (EWA) industry, OnDemand Pay, was designed to help employees navigate financial hardships through flexible pay options. Continued