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More people are using Earned Wage Access apps to get money to pay bills in between paydays. Some consumer advocates say the fees make the apps comparable to payday loans.
More people are using so-called Earned Wage Access apps to get money to pay bills and buy groceries in between paydays. The typical user earns less than $50,000 a year,
NEW YORK (AP) — 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 could get up […]
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. EarnIn is one of more than a dozen companies that provide this service, billed as Earned Wage Access. While Earned Wage Access apps have been around for over a decade, the pandemic and its aftermath boosted their popularity.
The U.S. Department of Education ruled that students with developmental disabilities attending a postsecondary program that long qualified for financial aid could no longer access such assistance.