A payday lender in disguise? Nyc investigates the Earnin application

A payday lender in disguise? Nyc investigates the Earnin application

Some other apps are copying their style while using a more traditional payday-loan model — sparking attention from law enforcement agencies in the process as early wage access programs such as Even, PayActiv, FlexWage, ZayZoon and DailyPay gain traction.

That is just what took place to Earnin, that is frequently described and bills it self as an early wage access provider, which give employees use of their paychecks before they have been deposited. Continue reading »