Areas Americas

The rise of ‘fringetech’: Regulatory risks in earned-wage access

In the absence of regulatory guardrails, some earned wage access programs can perpetuate, and in some instances exacerbate, the very risks providers claim to eliminate when displacing short-term creditors like payday lenders. This article proposes a federal-level regulatory framework based…

Earned wage access and the end of payday lending

This article analyses the earned wage access market, assesses the likelihood that it will displace payday lending, and reveals some of the dangers lurking beneath the low-cost surface of these transactions. It argues that earned wage access products have the…

Fintech’s role in exacerbating or reducing the wealth gap

This article synthesizes research about the long-term costs of debt inequality on communities of colour in the United States of America, adding an in-depth analysis of several new advances in banking and lending, and proposing several key principles for reducing…


Why does the payday still exist? This article studies various explanations—economic, historical, behavioral, and legal. It concludes that the payday owes its existence to legacy legal architecture and suggests a path for legal reform.

The electronic payroll system in Peru

This video presents the electronic payroll system in Peru, which helps facilitate workers’ registration and transition to formality and contributes to improving the effectiveness of labour inspections.

Making payroll cards work for employees

This report provides findings from consumer research on employee payroll card usage and opportunities for improvement in card design and delivery in the United States of America.