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.
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Congress advances earned wage access bill as popularity grows
"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."
