Innovative Payments Association
  • About Us
    • Our Team
    • Board of Directors
    • Members
    • Partnerships
  • News & Events
    • Non-Member Newsletter
    • Newsroom
    • Events
    • Blog
    • Podcast
  • Member Resources
    • Glossaries & Reports
    • GRWG >
      • Recordings
    • Government Update
    • State Legislative Tracker
    • Financial Crimes Investigators
  • Issues & Advocacy
    • Comment Letters
    • Payments Litigation
    • Current Issues >
      • Earned Wage Access
      • Fraud Prevention
      • Prepaid Rule
    • Ongoing Issues >
      • Arbitration
      • Artificial Intelligence
      • Banking as a Service
      • Brokered Deposits
      • CFPB
      • Covid Response
      • Durbin Amendment
      • FDIC & OCC
      • Privacy Legislation
      • Unclaimed Property
  • Join the IPA
    • IPA Wins
  • Boot Camp
Member Login   |   Join the IPA
Member Login   |   Join the IPA

Blog

Blog Post Title: A Call for Clarity on Earned Wage Access

6/10/2025

 
As financial pressures continue to mount for millions of Americans, tools that provide short-term financial flexibility, like Earned Wage Access (EWA), are more critical than ever. EWA gives workers early access to wages they’ve already earned, offering a vital buffer for unexpected expenses and reducing reliance on high-cost credit products.

In a recent op-ed published by Payments Dive, Brian Tate, President and CEO of the Innovative Payments Association, calls on the Consumer Financial Protection Bureau (CFPB) to provide clear, stable guidance that protects access to EWA. Tate argues that the CFPB’s recent regulatory reversals have created confusion and uncertainty, despite years of precedent affirming that EWA is not credit.

In 2020, the CFPB issued an Advisory Opinion confirming that EWA functions as early wage delivery—not lending. That opinion spurred responsible innovation and widespread adoption, helping workers manage cash flow without incurring debt. But the Bureau has since revoked that guidance without adequate input from stakeholders, introducing unnecessary instability into the marketplace.

Tate’s message is clear: The CFPB must reissue a strong, expanded advisory opinion to affirm that EWA is not a credit product. Doing so would restore regulatory clarity and support the continued availability of this important tool for American workers.
​
Read the full op-ed in Payments Dive:
IPA CEO: CFPB must clarify earned wage access is not credit (via Payments Dive)

Comments are closed.

    Archives

    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018

    Categories

    All
    Member Profiles
    News
    Podcast
    Power Of Prepaid
    Prepaid
    Small Business
    Webinar

    RSS Feed

Contact Us   |   Member Resources

IPA

110 Chestnut Ridge Rd, Suite 111
Montvale, NJ 07645
(202) 548-7200
Save The Date 
Innovative Payments Conference​
April 29 - May 1, 2026 

IPA Info

Home
​​About Us
Advocacy
Newsroom​

IPA Resources

IPA News & Events
Payments Podcast
Blog​
​Events


Safe Shopping
Consumer Resources if You've Been Scammed
© COPYRIGHT 2025 ALL RIGHTS RESERVED. | Privacy Policy
  • About Us
    • Our Team
    • Board of Directors
    • Members
    • Partnerships
  • News & Events
    • Non-Member Newsletter
    • Newsroom
    • Events
    • Blog
    • Podcast
  • Member Resources
    • Glossaries & Reports
    • GRWG >
      • Recordings
    • Government Update
    • State Legislative Tracker
    • Financial Crimes Investigators
  • Issues & Advocacy
    • Comment Letters
    • Payments Litigation
    • Current Issues >
      • Earned Wage Access
      • Fraud Prevention
      • Prepaid Rule
    • Ongoing Issues >
      • Arbitration
      • Artificial Intelligence
      • Banking as a Service
      • Brokered Deposits
      • CFPB
      • Covid Response
      • Durbin Amendment
      • FDIC & OCC
      • Privacy Legislation
      • Unclaimed Property
  • Join the IPA
    • IPA Wins
  • Boot Camp