earned wage access

CFPB Says Earned Wage Access Programs Are Consumer Loans
CFPB Says Earned Wage Access Programs Are Consumer Loans
July 18, 2024  |  CFPB

Regulators are painting several types of lending products with a broad brush, bringing an ever-widening swath of lenders under federal purview. Fresh off its rulemaking...

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Chime Acquires Salt Labs, Launches Business Unit Focused on Employers
Chime Acquires Salt Labs, Launches Business Unit Focused on Employers
June 27, 2024  |  Acquisitions

Chime has acquired Salt Labs to accelerate Chime’s growth through the employer channel. The resources of Salt Labs, an enterprise technology company whose flagship product is...

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DailyPay COO Stacy Greiner to Serve as Interim CEO
DailyPay COO Stacy Greiner to Serve as Interim CEO
May 28, 2024  |  Personnel

DailyPay CEO Kevin Coop will step down from that position to pursue other endeavors and serve as a board advisor for the company. The WorkTech...

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Chime to Add Earned Wage Access Offering to Banking App
Chime to Add Earned Wage Access Offering to Banking App
May 15, 2024  |  Digital Banking

Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and...

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Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
May 07, 2024  |  Earnings

Marqeta’s latest results and commentary showed momentum in the company’s transaction processing operations — and opportunity in nascent markets such as earned wage access.  CEO...

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Congress Advances Earned Wage Access Bill as Popularity Grows
Congress Advances Earned Wage Access Bill as Popularity Grows
April 18, 2024  |  Personal Finance

When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA)...

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Marqeta and Rain Team to Offer Earned Wage Access Debit Cards
Marqeta and Rain Team to Offer Earned Wage Access Debit Cards
April 18, 2024  |  Consumer Finance

Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with...

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Wisconsin Law Fuels Ongoing Earned Wage Access Debate 
Wisconsin Law Fuels Ongoing Earned Wage Access Debate 
March 28, 2024  |  Payroll

Gone are the days when financially constrained employees had to wait for the conventional two-week pay cycle to receive their wages.  Nowadays, earned wage access (EWA), also...

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ZayZoon Adds $15 Million to Grow Earned Wage Access Platform
ZayZoon Adds $15 Million to Grow Earned Wage Access Platform
March 26, 2024  |  Payroll

ZayZoon has raised $15 million in an extension of its Series B financing, bringing its total Series B funding round to $49.5 million. The company will...

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