NY Attorney General sues EWA providers DailyPay, MoneyLionNew York AG Letitia James is suing DailyPay and MoneyLion for allegedly offering illegal, high-interest loans disguised as earned wage access.
The U.S. government wants to crack down on apps that let people get their paychecks before paydayThe Consumer Financial Protection Bureau considers Earned Wage Access apps as providing loans subject to the Truth in Lending Act.