EarnIn’s Yvonne Chao and Ben LaRocco joined South Carolina Governor Henry McMaster and other industry leaders, including representatives from South Carolina Department of Consumer Affairs, for the signing ceremony of S.700. This new law, the Earned Wage Access Services Act, is the culmination of dedicated efforts throughout the last legislative session to create a meaningful framework for EWA. S.700 offers essential regulatory clarity, ensuring that people in South Carolina can continue to access EWA services when they need them, helping to reduce dependency on high-cost alternatives. With robust consumer protections now in place, we’re optimistic about seeing this model spread to other states. It’s a step forward for responsible innovation, and it empowers a financially resilient workforce.
Way to go Yvonne and Ben!
Senior Director, Government Relations at Earnin
3wWhat a great day! It was an honor to be a part of it.