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Center for Responsible Lending Profile picture
Center for Responsible Lending
@CRLONLINE
We are a non-partisan research, analysis and advocacy organization focused on creating #FinancialFairness and economic opportunity for all. #StopTheDebtTrap
May 26, 2023 • 11 tweets • 4 min read
Those warm and fuzzy ads for earned wage advance (EWA) and other cash advance apps hide the same dangers for working people as predatory payday loans. And they particularly target working women in Black and Latino communities. 🧵👇
#StopTheDebtTrap The billionaire-backed apps from companies like Earnin, Dave, Brigit and more send you 💰 before pay day, but for an unexpected price.