Had a great discussion with Lynne Marek at Payments Dive about evolving EWA regulations. In summary: ▪️ State governments are increasingly recognizing EWA as a separate consumer financial product. The evidence for this momentum is clear: more than ten states have enacted laws to regulate EWA. ▪️ These new laws are great for consumers, employers, and Rain; we welcome state and federal regulations that facilitate responsible guardrails. #workforcefinance #earnedwageaccess #raininstantpay #financialwellness https://lnkd.in/ePpufwdA
Facilitating responsible guardrails helps responsible usage. And Rain leads the way with that in our model - because it’s not about earned wage access but it’s how we help those that need earned wage access with true financial wellness!
Great insights! It’s encouraging to see states taking thoughtful steps toward defining and regulating EWA as its own category. Clear, responsible guardrails benefit everyone involved—consumers, employers, and providers. Appreciate the leadership and transparency you’re bringing to the space