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   |   Contact Us
Member Login   |   Contact Us

Earned Wage Access

EWA is a Valuable Tool for American Workers

​​​Earned Wage Access (EWA) services have quickly emerged as a valuable tool to aid American workers in managing financial strain and budgeting. Working Americans are in the best position to determine when they must access the money they have earned but have not yet been paid due to the timing of wage payments – which are decided by employers. EWA allows employees to gain greater control over their own financial lives without having to rely on more costly alternatives like traditional payday loans or overdraft programs.

​According to the Financial Health Network’s April 2022 report on EWA, many EWA services cost consumers an average of $2.59 to $6.27 per transaction – while costs for alternative products are significantly higher. For example, the average overdraft fee is $35; title and payday loan fees range from $15 to $100; and pawn loan fees range from $75 to $100. The need for EWA is demonstrated by research that shows that income volatility can lead to poverty for families. EWA can help smooth out income flows, as demonstrated by a survey from the Financial Health Network. It found that 37% of low-wage workers say they “worry about running out of food before getting money to buy more.”

EWA Comment Letters

​The Innovative Payments Association (IPA) regularly issues comment letters on critical issues affecting the payments landscape - such as earned wage access. These letters provide valuable insights and recommendations to policymakers, regulators, and industry stakeholders. 
View ALL EWA Letters
Download EWA One Pager
Top Comment Letters
  • 2025 IPA Recommends CFPB Issue New Advisory Opinion for EWA
  • 2024 Paycheck Advance Interpretive Rule
Rules
  • California DFPI Final Rule on Earned Wage Access​
EWA Tools
  • Myths About EWA: Graphic | One-pager
EWA-Focused Press Releases
  • IPA Supports Earned Wage Access House Bill Sponsored by Rep. Steil
EWA-Focused Articles
  • Five Innovations in Earned Wage Access
  • Give EWA a Chance
  • 13% More Employees Want Early Access to Wages, Survey Reveals​
EWA Regulatory Timeline: 
  • 2017 Cordray Payday Rule Statement: Encouraging Develop of EWA Products 
  • 2020 CFPB EWA Advisory Opinion
  • 2021 House Financial Task Force Hearing on EWA/BNPL  (Includes testimony from IPA CEO Brian Tate.)
  • 2022 CFPB GC Seth Frotman Letter on NJ EWA Bill
  • 2022 CA Interpretive Opinion: Flexwage
  • 2022 CFPB Rescinds Sandbox for PayActiv
  • 2022 CFPB Rethinking Regulatory Approach
  • IPA EWA Letter to CFPB
  • 2022 Senate Banking Hearing on EWA/BNPL
  • 2022 Arizona AG Opinion on EWA​Five Innovations in Earned Wage Access
​Resources
  • Financial Health Network Research Paper: Exploring Earned Wage Access as a Liquidity Solution
  • Op/Ed by Eric Goldberg, Akerman LLP: CFPB Shouldn't Ditch Prior Earned Wage Access Precedent
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 2024 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