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New Research by Volante Labs Exposes Predatory Lending Crisis and Solution

Summary by Fintech News
ROAD TOWN, Tortola–(BUSINESS WIRE)–#EWA–Volante Labs has released a study analyzing how earned wage access (EWA) technology impacts predatory lending practices. The research, examining 600 companies across multiple industries, demonstrates that EWA implementation reduces predatory lending by 69% while generating significant cost savings for workers. “Traditional payday lenders charge up to $300 in fees for a $1,000 loan on average,” said Joey B…
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New Research by Volante Labs Exposes Predatory Lending Crisis and Solution

ROAD TOWN, Tortola–(BUSINESS WIRE)–#EWA–Volante Labs has released a study analyzing how earned wage access (EWA) technology impacts predatory lending practices. The research, examining 600 companies across multiple industries, demonstrates that EWA implementation reduces predatory lending by 69% while generating significant cost savings for workers. “Traditional payday lenders charge up to $300 in fees for a $1,000 loan on average,” said Joey B…

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Fintech News broke the news in on Saturday, January 25, 2025.
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