Maryland is set to regulate earned wage access services, making them more accessible to residents, after Gov. Wes Moore said this week in a letter to House Speaker Adrienne Jones that he will allow a bill the General Assembly passed to become law without his signature.
But in the same letter, Moore also warned that the products, often referred to by the abbreviation EWA, can send consumers into a “debt cycle,” and he warned that the legislation exempts EWA from the state’s anti-discrimination protections.
EWA products allow workers to get a portion of their paycheck before payday, either directly from their employer or through a third-party app…