Letter signed by the Arizona Attorney General and 14 other state AG’s
“The Bill creates a loophole for a particular type of payday loan, referred to herein as an E-payday loan. E-payday lenders offer consumers cash a few days before payday in exchange for “fees” and “tips,” contingent on the consumer agreeing to repayment from their employer or through their bank account. By naming this product something other than credit or a loan, lenders attempt to circumvent the basic protections provided to consumers by the Truth in Lending Act (“TILA”), the Electronic Fund Transfers Act (“EFTA”), and state consumer protection laws.”
Letter from 225 organizations in Opposition to EWA Consumer Protection Act | June 29, 2026Letter signed by the Center for Economic Integrity
“The 225 undersigned labor, consumer, civil rights, and community organizations write to oppose H.R. 9330, the misnamed Earned Wage Access Consumer Protection Act, which exempts earned wage payday loans from the Truth in Lending Act (TILA), the Military Lending Act, the Equal Credit Opportunity Act, and other federal laws.”