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Finance firm banned from CT is giving away $50K to former customers

These apps allow workers to get paid between paychecks. Experts say there are steep costs

NEW YORK -- When Anna Branch, 37, had her hours at work reduced in 2019, she suddenly noticed ads for an app called EarnIn.

Company That Advances Workers' Pay Offers Refund For Fees After Halting Service

HARTFORD, CT – A company that advances consumers their wages in a financial service called earned wage access announced Tuesday that it would create a fund to pay the banking charges for former Connecticut customers who can no longer use its services since it left the state.

These apps allow workers to get paid between paychecks

Experts say there are steep costs

These apps allow workers to get paid between paychecks. Experts say there are steep costs | Cora Lewis

The emergence of earn-to-pay apps

When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly noticed ads for an app called EarnIn. “You know how they get you — the algorithms — like they’re reading your mind,” Branch said. “The ad said I...

Experts warn of steep costs to worker wage access apps

While Earned Wage Access apps have been around for over a decade, the pandemic and its aftermath boosted their popularity.

These apps allow workers to get paid between paychecks. Experts say there are steep costs

NEW YORK — When Anna Branch, 37, had her hours at work reduced in 2019, she suddenly noticed ads for an app called EarnIn. “You know how they get you — the algorithms — like they’re reading your mind,” Branch said. “The ad said I could get up to $100

With these apps, workers get paid between paychecks, but at what cost?

These apps extend small short-term loans to workers in between paychecks so they can pay bills and meet everyday needs.

These Apps Allow Workers To Get Paid Between Paychecks. Experts Say There Are Steep Costs