{"id":46829,"date":"2024-07-23T16:06:50","date_gmt":"2024-07-23T20:06:50","guid":{"rendered":"https:\/\/www.dailypay.com\/?page_id=46829"},"modified":"2024-09-13T13:24:52","modified_gmt":"2024-09-13T17:24:52","slug":"cfpb-ewa","status":"publish","type":"page","link":"https:\/\/www.dailypay.com\/cfpb-ewa\/","title":{"rendered":"Statement from DailyPay Regarding CFPB Proposed Interpretive Rule"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"46829\" class=\"elementor elementor-46829\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c833c22 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c833c22\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0d92f6c\" data-id=\"0d92f6c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-658c6f4 elementor-widget elementor-widget-ucaddon_dp_heading_text\" data-id=\"658c6f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_dp_heading_text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start DP Heading Text -->\n<style>\/* widget: DP Heading Text *\/\n\nh1 span, h2 span, h3 span, h4 span, h5 span, h6 span {\n  font-family: var(--primary-font) !important;\n}\n\n<\/style>\n\n<h1 class=\"dp-font-50 navy-text dp-font-primary f-weight-300 text-left dp-mb32 mt0\" style=\"max-width: nonepx;margin: auto;\">Statement from DailyPay Regarding CFPB Proposed Interpretive Rule<\/h1>\n<!-- end DP Heading Text -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-379510b elementor-widget elementor-widget-ucaddon_dp_text\" data-id=\"379510b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_dp_text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start DP Text -->\n<style>\/* widget: DP Text *\/\n\nh1 span, h2 span, h3 span, h4 span, h5 span, h6 span {\n  font-family: var(--primary-font) !important;\n}\n\n<\/style>\n\n<p class=\"dp-font-18 navy-text dp-font-secondary f-weight-600 text-left dp-mb24 mt0\" style=\"max-width: nonepx;margin: auto;\">We strongly disagree with the CFPB\u2019s proposed interpretive rule.<\/p>\n<!-- end DP Text -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-caf34f3 elementor-widget elementor-widget-ucaddon_dp_text\" data-id=\"caf34f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_dp_text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start DP Text -->\n<style>\/* widget: DP Text *\/\n\nh1 span, h2 span, h3 span, h4 span, h5 span, h6 span {\n  font-family: var(--primary-font) !important;\n}\n\n<\/style>\n\n<p class=\"dp-font-18 navy-text dp-font-secondary f-weight-600 text-left dp-mb24 mt0\" style=\"max-width: nonepx;margin: auto;\">Characterizing employer-integrated earned wage access products as loans or credit displays a fundamental misunderstanding of what we do.<\/p>\n<!-- end DP Text -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11e8afd elementor-widget elementor-widget-ucaddon_dp_text\" data-id=\"11e8afd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_dp_text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start DP Text -->\n<style>\/* widget: DP Text *\/\n\nh1 span, h2 span, h3 span, h4 span, h5 span, h6 span {\n  font-family: var(--primary-font) !important;\n}\n\n<\/style>\n\n<p class=\"dp-font-18 navy-text dp-font-secondary f-weight-600 text-left mb0 mt0\" style=\"max-width: nonepx;margin: auto;\">Click <a href=\"\/wp-content\/uploads\/CFPB-2024.pdf\" target=\"_blank\">here<\/a> to view DailyPay\u2019s comment on the CFPB\u2019s proposed interpretative rule.<\/p>\n<!-- end DP Text -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-345497d elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"345497d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-96b4596 elementor-widget elementor-widget-ucaddon_dp_heading_text\" data-id=\"96b4596\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_dp_heading_text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start DP Heading Text -->\n<style>\/* widget: DP Heading Text *\/\n\nh1 span, h2 span, h3 span, h4 span, h5 span, h6 span {\n  font-family: var(--primary-font) !important;\n}\n\n<\/style>\n\n<h2 class=\"dp-font-40 navy-text dp-font-primary f-weight-300 text-left dp-mb32 mt0\" style=\"max-width: nonepx;margin: auto;\">DailyPay\u2019s EWA does not have the hallmarks of a loan:<\/h2>\n<!-- end DP Heading Text -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e90dc69 elementor-widget elementor-widget-text-editor\" data-id=\"e90dc69\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul>\n \t<li><i class=\"fa-solid fa-check\"><\/i>No origination fees<\/li>\n \t<li><i class=\"fa-solid fa-check\"><\/i>No consumer credit checks or approvals<\/li>\n \t<li><i class=\"fa-solid fa-check\"><\/i>No applications or underwriting<\/li>\n \t<li><i class=\"fa-solid fa-check\"><\/i>No risk-based pricing<\/li>\n \t<li><i class=\"fa-solid fa-check\"><\/i>No interest or charges based on the time value of money<\/li>\n \t<li><i class=\"fa-solid fa-check\"><\/i>No late fees<\/li>\n \t<li><i class=\"fa-solid fa-check\"><\/i>No reporting to consumer credit agencies<\/li>\n<li><i class=\"fa-solid fa-check\"><\/i>No recourse against the consumer<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-925ff7d elementor-widget elementor-widget-text-editor\" data-id=\"925ff7d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>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.<br \/>\u00a0<br \/>We will continue to work with our employer partners to improve workers\u2019 financial well-being.<\/p>\n<p>DailyPay\u2019s employer-integrated model saves users from predatory payday loans and other predatory credit products.<\/p>\n<p>DailyPay has none of the characteristics or attributes of a loan. DailyPay does not conduct credit checks, does not report to credit agencies, there are no interest charges, or late fees, and DailyPay does not debit bank accounts.<\/p>\n<p>A study commissioned by DailyPay and conducted by Aite Novarica Group showed that 95% of those who were previously reliant on payday loans in any way either stopped using payday loans (81%) or reduced use (15%) after using DailyPay. Nearly nine out of 10 (88%) of those responding said that they stopped or reduced the use of such loans because of DailyPay.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0dcc8ce elementor-widget elementor-widget-html\" data-id=\"0dcc8ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"dp-employer-artwork\">\n    <img decoding=\"async\" src=\"\/wp-content\/uploads\/dp-ewa-cfpb-artwork-1.png\">\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-80261a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"80261a6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3f5934c\" data-id=\"3f5934c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a141483 elementor-widget elementor-widget-ucaddon_dp_heading_text\" data-id=\"a141483\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_dp_heading_text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start DP Heading Text -->\n<style>\/* widget: DP Heading Text *\/\n\nh1 span, h2 span, h3 span, h4 span, h5 span, h6 span {\n  font-family: var(--primary-font) !important;\n}\n\n<\/style>\n\n<h2 class=\"dp-font-40 navy-text dp-font-primary f-weight-300 text-left dp-mb16 mt0\" style=\"max-width: nonepx;margin: auto;\">Related Articles<\/h2>\n<!-- end DP Heading Text -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03e2bd3 elementor-widget elementor-widget-ucaddon_card_carousel\" data-id=\"03e2bd3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_card_carousel.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n<!-- start Card Carousel -->\n\t\t<link id='font-awesome-css' href='https:\/\/www.dailypay.com\/wp-content\/plugins\/unlimited-elements-for-elementor-premium\/assets_libraries\/font-awesome6\/fontawesome-all.min.css' type='text\/css' rel='stylesheet' >\n\t\t<link id='font-awesome-4-shim-css' href='https:\/\/www.dailypay.com\/wp-content\/plugins\/unlimited-elements-for-elementor-premium\/assets_libraries\/font-awesome6\/fontawesome-v4-shims.min.css' type='text\/css' rel='stylesheet' >\n\t\t<link id='owl-carousel-css' href='https:\/\/www.dailypay.com\/wp-content\/plugins\/unlimited-elements-for-elementor-premium\/assets_libraries\/owl-carousel-new\/assets\/owl.carousel.css' type='text\/css' rel='stylesheet' >\n\n<style>\/* widget: Card Carousel *\/\n\n#uc_card_carousel_elementor_03e2bd3 *{\n\t-webkit-box-sizing: border-box;\n\t-moz-box-sizing: border-box;\n\tbox-sizing: border-box;\n}\n\n#uc_card_carousel_elementor_03e2bd3 .ue-carousel-item\n{\n  overflow:hidden;\n  transition:0.3s;\n}\n\n#uc_card_carousel_elementor_03e2bd3 .uc_classic_carousel_container_holder\n{\n\tdisplay:block;\n\tposition:relative;\n\twidth:100%;\n    box-sizing: border-box;\n}\n.card_carousel_title\n{\n\tfont-size:21px;\n}\n\n.uc_classic_carousel .uc_classic_carousel_border\n{\n\tdisplay:block;\n    margin:0 auto;\n}\n\n.uc_classic_carousel  .uc_classic_carousel_placeholder img\n{\n\twidth:100%;\n    \n    display:inline-flex;\n}\n.uc_classic_carousel .uc_classic_carousel_content\n{\n  display: flex;\n flex-flow: column nowrap;\n}\n\n.uc_classic_carousel .ue_button\n{\n  margin-top:auto;\n\n}\n\n.uc_classic_carousel .uc_classic_carousel_content .uc_more_btn {\n\tdisplay:inline-block;\n\ttext-decoration:none;\n\ttransition: all 0.5s ease;\n}\n\n\n#uc_card_carousel_elementor_03e2bd3 .owl-dots {\noverflow:hidden;\ntext-align:center;\n}\n\n#uc_card_carousel_elementor_03e2bd3 .owl-dot {\nborder-radius:50%;\ndisplay:inline-block;\n}\n\n#uc_card_carousel_elementor_03e2bd3 .owl-nav .owl-prev{\n    position:absolute;\n    display:inline-block;\n    text-align:center;\n}\n#uc_card_carousel_elementor_03e2bd3 .owl-nav .owl-next{\n  position:absolute;\n  display:inline-block;\n  text-align:center;\n}\n\n#uc_card_carousel_elementor_03e2bd3 .owl-nav .disabled\n{\n    display: none;  \n}\n\n\n#uc_card_carousel_elementor_03e2bd3 .ue-item-icon\n{\n  line-height:1em;\n  display:inline-flex;\n  justify-content:center;\n  align-items:center;\n  \n}\n\n#uc_card_carousel_elementor_03e2bd3 .ue-item-icon svg\n{\n  height:1em;\n  width:1em;\n}\n\n#uc_card_carousel_elementor_03e2bd3 .ue-item-icon-wrapper\n{\n  display:flex;\n}\n\n\n\n\n<\/style>\n\n<div class=\"uc_classic_carousel\" >\n        <div class=\"uc_carousel owl-carousel \" id=\"uc_card_carousel_elementor_03e2bd3\" >\n          \t<div class=\"uc_classic_carousel_container_holder ue-item elementor-repeater-item-6474ca9\">\n  <div class=\"ue-carousel-item\">\n      <div class=\"uc_classic_carousel_placeholder\">\n    <a href=\"https:\/\/www.jdsupra.com\/legalnews\/new-earned-wage-access-laws-are-a-win-6556999\/\" title=\"August 7, 2023\"  target='_blank'>      <img decoding=\"async\" src=\"https:\/\/www.dailypay.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\"  src=\"https:\/\/www.dailypay.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\">\n    <\/a>  <\/div>\n    <div class=\"uc_classic_carousel_content\" style=\"direction:ltr;\">\n    \n    \n        \n          <a 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decoding=\"async\" src=\"https:\/\/www.dailypay.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\"  src=\"https:\/\/www.dailypay.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\">\n    <\/a>  <\/div>\n    <div class=\"uc_classic_carousel_content\" style=\"direction:ltr;\">\n    \n    \n        \n          <a href=\"https:\/\/www.jdsupra.com\/legalnews\/the-american-worker-and-debt-how-earned-1021014\/\"  target='_blank'>\t\n      <div  class=\"card_carousel_title\">The American Worker and Debt: How Earned Wage Access Can Help Break The Cycle<\/div>\n      <\/a>    \t\n    \n      \n    <p class=\"card_carousel_text\">article <i class=\"fa-regular fa-arrow-up-right-from-square\"><\/i><\/p>    \n    \n    \t\n    \n    \n    \t    <div class=\"ue_button\"><a class=\"uc_more_btn \" href=\"https:\/\/www.jdsupra.com\/legalnews\/the-american-worker-and-debt-how-earned-1021014\/\" title=\"March 13, 2023\"  target='_blank'>March 13, 2023<\/a><\/div>\n   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href=\"https:\/\/www.prnewswire.com\/news-releases\/new-research-from-aite-novarica-group-on-demand-pay-eliminates-payday-loans-overdraft-fees-for-millions-of-american-workers-301353338.html\"  target='_blank'>\t\n      <div  class=\"card_carousel_title\">New Research From Aite-Novarica Group: On-Demand Pay Eliminates Payday Loans, Overdraft Fees For Millions Of American Workers<\/div>\n      <\/a>    \t\n    \n      \n    <p class=\"card_carousel_text\">article <i class=\"fa-regular fa-arrow-up-right-from-square\"><\/i><\/p>    \n    \n    \t\n    \n    \n    \t    <div class=\"ue_button\"><a class=\"uc_more_btn \" href=\"https:\/\/www.prnewswire.com\/news-releases\/new-research-from-aite-novarica-group-on-demand-pay-eliminates-payday-loans-overdraft-fees-for-millions-of-american-workers-301353338.html\" title=\"August 11, 2021\"  target='_blank'>August 11, 2021<\/a><\/div>\n    \t\n  <\/div>\n  <\/div>\n<\/div>\n<div class=\"uc_classic_carousel_container_holder ue-item elementor-repeater-item-84f6d2e\">\n  <div class=\"ue-carousel-item\">\n      <div class=\"uc_classic_carousel_placeholder\">\n    <a href=\"https:\/\/www.jdsupra.com\/legalnews\/earned-wage-access-the-anti-loan-3618545\/\" title=\"February 15, 2024\"  target='_blank'>      <img decoding=\"async\" src=\"https:\/\/www.dailypay.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\"  src=\"https:\/\/www.dailypay.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\">\n    <\/a>  <\/div>\n    <div class=\"uc_classic_carousel_content\" style=\"direction:ltr;\">\n    \n    \n        \n          <a href=\"https:\/\/www.jdsupra.com\/legalnews\/earned-wage-access-the-anti-loan-3618545\/\"  target='_blank'>\t\n      <div  class=\"card_carousel_title\">Earned Wage Access: The Anti-Loan<\/div>\n      <\/a>    \t\n    \n      \n    <p class=\"card_carousel_text\">article <i class=\"fa-regular fa-arrow-up-right-from-square\"><\/i><\/p>    \n    \n    \t\n    \n    \n    \t    <div class=\"ue_button\"><a class=\"uc_more_btn \" href=\"https:\/\/www.jdsupra.com\/legalnews\/earned-wage-access-the-anti-loan-3618545\/\" title=\"February 15, 2024\"  target='_blank'>February 15, 2024<\/a><\/div>\n    \t\n  <\/div>\n  <\/div>\n<\/div>\n<div class=\"uc_classic_carousel_container_holder ue-item elementor-repeater-item-b6080f5\">\n  <div class=\"ue-carousel-item\">\n      <div class=\"uc_classic_carousel_placeholder\">\n    <a href=\"https:\/\/apnews.com\/press-release\/ein-presswire-newsmatics\/wellness-74b08cd29f661f87aa238da1a106668b\" title=\"July 24, 2024\"  target='_blank'>      <img decoding=\"async\" src=\"https:\/\/www.dailypay.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\"  src=\"https:\/\/www.dailypay.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\">\n    <\/a>  <\/div>\n    <div class=\"uc_classic_carousel_content\" style=\"direction:ltr;\">\n    \n    \n        \n          <a href=\"https:\/\/apnews.com\/press-release\/ein-presswire-newsmatics\/wellness-74b08cd29f661f87aa238da1a106668b\"  target='_blank'>\t\n      <div  class=\"card_carousel_title\">Two-thirds of Employers Say Earned Wage Access Makes The Greatest Day-To-Day Positive Impact Among All Financial Wellness Benefits<\/div>\n      <\/a>    \t\n    \n      \n    <p class=\"card_carousel_text\">article <i class=\"fa-regular fa-arrow-up-right-from-square\"><\/i><\/p>    \n    \n    \t\n    \n    \n    \t    <div class=\"ue_button\"><a class=\"uc_more_btn \" href=\"https:\/\/apnews.com\/press-release\/ein-presswire-newsmatics\/wellness-74b08cd29f661f87aa238da1a106668b\" title=\"July 24, 2024\"  target='_blank'>July 24, 2024<\/a><\/div>\n    \t\n  <\/div>\n  <\/div>\n<\/div>\n\n      <\/div>\n<\/div>\n<!-- end Card Carousel -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3d95b7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3d95b7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c0c0eef\" data-id=\"c0c0eef\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4e4e54b elementor-widget elementor-widget-global elementor-global-30452 elementor-widget-html\" data-id=\"4e4e54b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"why-top-companies-choose-dp-wrap\">\n  <div class=\"why-top-companies-choose-dp-wrap-heading-cont\">\n  <h2 class=\"mb0 dp-font-32 text-center mb0\">See Why Top Companies Choose DailyPay<\/h2>\n  <div class=\"why-top-companies-choose-dp-wrap-heading-cont-btn\">\n      <a href=\"\/demo\/\" class=\"dp-btn-normal dp-blue-orange-btn\">Let's Talk<\/a>\n  <\/div>\n  <\/div>\n  <div class=\"why-top-companies-choose-dp-wrap-cont\">\n    <div class=\"why-top-companies-choose-dp-wrap-inner\">\n      <div class=\"why-top-companies-choose-dp-inner-icon-wrap\">\n        <div class=\"why-top-companies-choose-dp-inner-icon\">\n          <img decoding=\"async\" src=\"\/wp-content\/uploads\/empowering-employees.svg\">\n        <\/div>\n        <div class=\"why-top-companies-choose-dp-inner-icon-text\">\n          <p class=\"dp-font-20 mb0 mt0\"><b>Empowering for Employees<\/b><\/p>\n        <\/div>\n      <\/div>\n      <p>Greater financial control with access to 100% of their DailyPay balance to meet the challenges of unexpected financial disruptions.<\/p>\n      <hr>\n      <p>Improved planning with visibility to spending and earned pay in one easy-to-use app.<\/p>\n      <hr>\n      <p>No need for a pre-existing checking or savings account.<\/p>\n    <\/div>\n    <div class=\"why-top-companies-choose-dp-wrap-inner\">\n      <div class=\"why-top-companies-choose-dp-inner-icon-wrap\">\n        <div class=\"why-top-companies-choose-dp-inner-icon\">\n          <img decoding=\"async\" src=\"\/wp-content\/uploads\/simple-secure-employers.svg\">\n        <\/div>\n        <div class=\"why-top-companies-choose-dp-inner-icon-text\">\n          <p class=\"dp-font-20 mb0\"><b>Simple and Secure for Employers<\/b><\/p>\n        <\/div>\n      <\/div>\n      <p>No change to payroll processes \u2014 DailyPay compliantly handles it all.<\/p>\n      <hr>\n      <p>Seamless integration with HCM, payroll, banking and benefit applications.<\/p>\n      <hr>\n      <p>Enterprise-grade platform that keeps data private and the service running so it's always there when your employees need it.<\/p>\n    <\/div>\n  <\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f4b4e1c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f4b4e1c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f53ddaa\" data-id=\"f53ddaa\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2c99a8 elementor-widget elementor-widget-global elementor-global-43782 elementor-widget-html\" data-id=\"a2c99a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"demo-logos-text-wrap\">\n<p class='text-upper f-weight-600 dp-font-14 mb0' style=\"font-size: 14px;line-height: 20px\">Trusted by leading Companies<\/p>\n<div class='partners-logos-img-wrap'>\n  <div class='partners-logos-img-wrap-inner'>\n    <img decoding=\"async\" style=\"position: relative;top: 3px;object-fit: contain;max-width: 120px\" src=\"\/wp-content\/uploads\/duracell-logo.svg\" alt='Duracell' \/>\n  <\/div>\n  <div class='partners-logos-img-wrap-inner'>\n    <img decoding=\"async\" src=\"\/wp-content\/uploads\/adecco-logo.svg\" alt='Adecco' \/>\n  <\/div>\n  <div class='partners-logos-img-wrap-inner'>\n    <img decoding=\"async\" src=\"\/wp-content\/uploads\/Ovg-logo.svg\" alt='OVG' \/>\n  <\/div>\n  <div class='partners-logos-img-wrap-inner'>\n    <img decoding=\"async\" style=\"object-fit: contain;\" src=\"\/wp-content\/uploads\/dollar-tree-logo.svg\" alt='Dollar Tree' \/>\n  <\/div>\n  <div class='partners-logos-img-wrap-inner'>\n    <img decoding=\"async\" src=\"\/wp-content\/uploads\/hca-logo.svg\" alt='HCA' \/>\n  <\/div>\n  \n  <div class='partners-logos-img-wrap-inner'>\n    <img decoding=\"async\" src=\"\/wp-content\/uploads\/lidl-logo.svg\" alt='LIDL' \/>\n  <\/div>\n<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Statement from DailyPay Regarding CFPB Proposed Interpretive Rule We strongly disagree with the CFPB\u2019s proposed interpretive rule. Characterizing employer-integrated earned wage access products as loans or credit displays a fundamental misunderstanding of what we do. Click here to view DailyPay\u2019s comment on the CFPB\u2019s proposed interpretative rule. DailyPay\u2019s EWA does not have the hallmarks of<a class=\"read-more\" href=\"https:\/\/www.dailypay.com\/cfpb-ewa\/\">Read More<\/a><\/p>\n","protected":false},"author":32,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"tags":[],"class_list":["post-46829","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Statement from DailyPay Regarding CFPB Proposed Interpretive Rule - DailyPay<\/title>\n<meta name=\"description\" content=\"We strongly disagree with the CFPB\u2019s proposed interpretive rule. Characterizing employer-integrated earned wage access products as loans or credit displays a fundamental misunderstanding of what we do. Visit here to view DailyPay\u2019s comment on the CFPB\u2019s proposed interpretative rule.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dailypay.com\/cfpb-ewa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Statement from DailyPay Regarding CFPB Proposed Interpretive Rule - DailyPay\" \/>\n<meta property=\"og:description\" content=\"We strongly disagree with the CFPB\u2019s proposed interpretive rule. Characterizing employer-integrated earned wage access products as loans or credit displays a fundamental misunderstanding of what we do. 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