Category: Financial Wellness

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

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

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

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

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

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

This article contrasts and compares the recent EWA state legislation to the Federal guidelines provided by the Consumer Financial Protection Bureau (CFPB).   Estimated reading time: 10 min Image: A bridge with a divide in the center a lin… Continued

Data Accuracy Is An EWA Necessity Data accuracy is a core component that sets Earned Wage Access (EWA) apart from all other loan solutions, including payday loans. Estimated reading time: 5 minutes Image: Dartboard with the word “Data”… Continued

Earned Wage Access (EWA) is at a crossroads.   As EWA increases in popularity, regulators and legislators must clearly and precisely define what EWA is and is not. Continued