DailyPay Platform
Small Business 
Cycle
Tips 
Perks 
“We strongly disagree with the CFPB’s proposed interpretive rule. Characterizing employer-integrated Earned Wage Access products as loans or credit displays a fundamental misunderstanding of what we do. DailyPay’s EWA does not have the hallmarks of a loan – no origination fees, no consumer credit checks or approvals, no applications or underwriting, no risk-based pricing, no interest or charges based on the time value of money, no late fees, no reporting to consumer credit agencies, and no recourse to the consumer.
Instead, DailyPay keeps millions of American workers out of a cycle of predatory payday loans, overdraft fees, and missed payments by enabling them to access their pay when they earn it.
We will continue to work with our employer partners to improve workers’ financial well-being.”
