In the Headlines
January 6, 2026
Why the CFPB's EWA Opinion Won't Dramatically Impact FinTechs
American Banker
Financial Services attorney Eamonn Moran was quoted in an American Banker article analyzing the Consumer Financial Protection Bureau's (CFPB) advisory opinion on earned wage access (EWA) and why it may not substantially change the regulatory landscape for financial technology (FinTech) firms. The article explained that though the opinion suggests certain employer-partnered EWA products are not "credit" under the Truth in Lending Act, its nonbinding nature means states can continue to regulate EWA through their own laws. Mr. Moran emphasized that uncertainty remains for market participants absent a comprehensive defined EWA model.
"This guidance is expressly non-binding. Earned wage access is going to remain a live regulatory and litigation issue for FinTechs, banks, employers [and] compliance teams alike," he said.
READ: Why the CFPB's EWA Opinion Won't Dramatically Impact FinTechs (Subscription required)
"This guidance is expressly non-binding. Earned wage access is going to remain a live regulatory and litigation issue for FinTechs, banks, employers [and] compliance teams alike," he said.
READ: Why the CFPB's EWA Opinion Won't Dramatically Impact FinTechs (Subscription required)