Greetings—
The use of earned wage access (EWA) products, which provide access to wages earned but not yet paid, has increased significantly over the years. As costs of living continue to rise, these products can help users bridge temporary cash shortfalls or navigate short-term emergency expenses.
Yet inconsistent federal definitions and policies have resulted in a fragmented EWA regulatory system, with consumer safeguards varying from state to state.
As policymakers consider their own EWA policies,
[link removed]
a new Urban Institute data tool provides a national snapshot of adopted EWA-specific laws and regulations, enabling users to compare and evaluate regulatory frameworks, product design features, and business practices across states.
[link removed]
The tool assesses how 12 states have regulated EWA across 22 provisions related to licensing, fees, disclosures, debt collection, reporting requirements, and more.
Equipped with
[link removed]
the tool , policymakers and regulators can understand how their peers have approached specific EWA practices and inform the development of their own practices that ensure oversight and strengthen consumers’ long-term financial well-being.
[link removed]
Sign up for the latest financial well-being insights, and please reply to this email if you would like to connect with the research team.
Thanks,
- The Stakeholder Outreach team
U R B A N I N S T I T U T E
[link removed]
www.urban.org
Urban Institute is a nonprofit research organization that believes in the power of evidence to improve people’s lives. Urban as an organization does not take policy positions but Urban’s independent experts are empowered to make recommendations based on their research.
You are receiving this email because External Affairs believes the featured information is relevant to your field of work. If you would like to stop receiving communications like this, please email
mailto:
[email protected]?subject=Please remove me from External Affairs communications
[email protected] .
----------------------------------------
This email was sent by: Urban Institute
500 L’Enfant Plaza SW,
Washington, DC, 20024
Privacy Policy: [link removed]
Update Profile: [link removed]
Manage Subscriptions: [link removed]
Unsubscribe: [link removed]
