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U.S. Congress advanced a bill that aims to provide a regulatory framework and establish consumer protections for services that offer workers access to their paychecks before their scheduled payday.
"A notable feature of the bill is the requirement for EWA companies to provide a fee-free option for accessing earned wages, aiming to enhance the financial wellbeing of workers who use these services. Additionally, in a move to protect consumers, the bill prohibits EWA companies from using debt collectors."
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