{"id":56407,"date":"2025-12-23T05:29:28","date_gmt":"2025-12-23T10:29:28","guid":{"rendered":"https:\/\/www.dailypay.com\/press-center\/thought-leadership\/dailypay-statement-commending-cfpb-action-on-earned-wage-access\/"},"modified":"2025-12-23T09:29:28","modified_gmt":"2025-12-23T14:29:28","slug":"dailypay-statement-commending-cfpb-action-on-earned-wage-access","status":"publish","type":"post","link":"https:\/\/www.dailypay.com\/press-center\/thought-leadership\/dailypay-statement-commending-cfpb-action-on-earned-wage-access\/","title":{"rendered":"Statement from Jared DeMatteis, Chief Legal &amp; Strategy Officer, DailyPay Commending CFPB Action on Earned Wage Access"},"content":{"rendered":"<p>&ldquo;We commend the Consumer Financial Protection Bureau (CFPB) for firmly validating that employer-partnered On-Demand Pay (also known as Earned Wage Access) products are not credit in its new advisory opinion, <a href=\"https:\/\/www.federalregister.gov\/documents\/2025\/12\/23\/2025-23735\/truth-in-lending-regulation-z-non-application-to-earned-wage-access-products\" title=\"\"><em><u>Truth in Lending (Regulation Z); Non-application to Earned Wage Access Products<\/u><\/em><\/a>.&nbsp;&nbsp;<\/p>\n<p>The CFPB recognizes that access to one&#039;s own money is necessary &#8211; empowering millions of workers to live a better life. DailyPay partners with America&rsquo;s leading employers to offer On-Demand Pay as a benefit, which lets workers access their earned pay for no-fee, or for a low, optional fee.<\/p>\n<p>Today&rsquo;s action by the CFPB will significantly lessen compliance challenges for companies, protect workers&rsquo; access to earned pay, and support innovation. DailyPay will continue to work with policymakers to advance On-Demand Pay laws and regulations that protect consumers.&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&ldquo;We commend the Consumer Financial Protection Bureau (CFPB) for firmly validating that employer-partnered On-Demand Pay (also known as Earned Wage Access) products are not credit in its new advisory opinion, Truth in Lending (Regulation Z); Non-application to Earned Wage Access Products.&nbsp;&nbsp; The CFPB recognizes that access to one&#039;s own money is necessary &#8211; empowering millions<a class=\"read-more\" href=\"https:\/\/www.dailypay.com\/press-center\/thought-leadership\/dailypay-statement-commending-cfpb-action-on-earned-wage-access\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":56406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[711],"tags":[],"class_list":["post-56407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thought-leadership"],"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 Jared DeMatteis, Chief Legal &amp; Strategy Officer, DailyPay Commending CFPB Action on Earned Wage Access - DailyPay<\/title>\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\/press-center\/thought-leadership\/dailypay-statement-commending-cfpb-action-on-earned-wage-access\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Statement from Jared DeMatteis, Chief Legal &amp; Strategy Officer, DailyPay Commending CFPB Action on Earned Wage Access\" \/>\n<meta property=\"og:description\" content=\"&ldquo;We commend the Consumer Financial Protection Bureau (CFPB) for firmly validating that employer-partnered On-Demand Pay (also known as Earned Wage Access) products are not credit in its new advisory opinion, Truth in Lending (Regulation Z); Non-application to Earned Wage Access Products.&nbsp;&nbsp; The CFPB recognizes that access to one&#039;s own money is necessary &#8211; 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