The Earnin app appears designed to look like other early wage access programs, but critics say it’s actually a payday lender and New York regulators have taken notice. ... Read full article
Apps that let people access their pay on demand have become wildly popular. Do they solve a problem, or are they Band-Aids? ... Read full article
The slow U.S. adoption of real-time payments hurts half of Americans who live paycheck to paycheck, says Aaron Klein, a fellow at the Brookings Institution. ... Read full article
Federal Reserve Chair Janet Yellen, whose term expires Saturday, will join the Brookings Institution on Monday, the Washington-based think tank said. ... Read full article
House Republicans are ramping up their criticism of the Fed for making interest payments to member banks on excess reserves, and may have identified a way to counter claims that the payments are critical to monetary policy. ... Read full article
