Innovative Payments Association
JANUARY 10, 2024
In a press release in October, Director Rohit Chopra said the goal of the rule was to “to give consumers the power to walk away from bad service and choose the financial institutions that offer the best products and prices.” ” That overlooks the main point: There is nothing preventing that now.
Tearsheet
MARCH 27, 2024
According to them, EWA services provided by third parties may qualify as loans and will be subject to the state’s lending regulations. Moreover, there are fears that individuals living paycheck-to-paycheck may now be pushed into incurring bank overdraft fees when confronted with unforeseen expenses.
Evolve Payment
NOVEMBER 21, 2022
Many processors have purposely made it this way so they can hide fees (which we call ‘junk fees’) while reducing the number of questions coming in from their merchants. Thankfully, merchant service providers like Evolve Payment are great resources to have while navigating merchant processing.
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