“AFC strongly supports Rep. Bryan Steil’s discussion draft of the Earned Wage Access Consumer Protection Act. This draft legislation represents another important step toward long-overdue regulatory clarity for earned wage access. By establishing a national consumer protection framework and reinforcing that EWA is not a loan, this proposal recognizes the core principles of responsible EWA products and avoids forcing them into outdated lending laws that simply don’t fit.

“The discussion draft’s pragmatic, consumer-centered approach aligns with standards AFC has long championed, and which our members uphold: a guaranteed no-cost option, clear and timely fee disclosures, and strong consumer protections. These guardrails would preserve access to the safe and responsible EWA tools millions of Americans already use while providing clarity and consistency for EWA providers and consumers. AFC stands ready to work with Congress to provide industry expertise and constructive input as the bill moves through the markup process.”

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