Regional/NationalLawmakers Review Benefits and Risks of Financial Tool for Cash-Strapped Workers

Lawmakers Review Benefits and Risks of Financial Tool for Cash-Strapped Workers

Getting an advance against your own paycheck is convenient but can also be expensive

There’s
plenty of evidence that many Oregonians live paycheck to paycheck — 45% of households
do, according to a 2024 survey. And
more than 145,000 Oregon workers, according to industry sources, have taken
advantage of a relatively new — and currently, in Oregon, unregulated — tool
called “earned wage access,” or in the parlance of the financial technology
companies that offer them, EWA…

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