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GOBankingRates
GOBankingRates
Sarah Li Cain

The New Paycheck Risk Workers Are Overlooking

AndreyPopov / iStock.com

Payday lending used to be the more obvious danger to your paycheck. Now, a perk that’s offered at many employers called earned wage access (EWA) is raising questions about whether it’s also a “danger.” 

Sometimes referred to as on-demand or early pay, EWA is touted as a benefit to give employees faster access to the money they’ve earned. 

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