The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption
Tearsheet
MARCH 27, 2024
However, in some states, EWA has faced severe criticism and has been likened to payday lending because of its fee structure. In the same vein, California is considering a proposal that would mandate EWA providers to register with the state and impose fee caps. A similar proposal was introduced in Connecticut last September.
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