Compass Principles

Financial Solutions Lab
 Workplace Financial Health Innovation: Rolling Out an Earned Wage Access Program for Your Employees

Workplace Financial Health Innovation: Rolling Out an Earned Wage Access Program for Your Employees

Employers, benefits platforms, regulators, and employees are paying more attention to earned wage access (EWA) products for their potential to improve employee financial health. Employers can maximize the positive outcomes of EWA products by minimizing associated fees, explaining the program mechanics to employees, and providing a complementary suite of financial resources.

2016 Prepaid Industry Scorecard

With millions depending on prepaid cards to help manage their financial lives and forthcoming CFPB regulations, it is important to gauge the quality of products in the marketplace and to encourage prepaid card issuers to develop offerings that actively improve consumers’ financial health.