The February 2024 report examines the commercial opportunity for earned wage access (EWA), which has shifted from a novelty to an expected employment perk, especially for hourly workers. While federal guidance currently excludes EWA from lending rules, state regulations vary, requiring products to be adaptable to future changes. The commercial model—FI-provided EWA for employers—is considered the safest and most scalable, benefiting employees with liquidity, employers with talent attraction, and FIs with revenue and cross-sell opportunities. Partnering with established fintech vendors can accelerate deployment and enhance market competitiveness.

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