NCLC | download the Full report | download the Executive Summary | January 12, 2026
“New Report Exposes the Unfair, Deceptive and Abusive Practices of Earned Wage Payday Lenders”
“Fueling the ongoing affordability crisis, new types of payday loans offered through cash advance apps – so-called “earned wage access products”– drain hundreds of dollars a year from thin wages. These loans are intentionally designed to evade legal definitions of “loans” and “interest” to avoid usury limits and other borrower protections.”