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As Ca mulls guidelines for cash advance alternative, rifts emerge

Startups that offer early use of workers’ acquired wages are jostling over key components of pending California legislation that will produce the nation’s first-ever regulatory framework for the nascent industry.

Their state Senate passed a bill 35-0 month that is last but interviews with professionals within the fast-growing sector unveiled big disagreements in regards to the legislation. Those disputes mirror key variations in their firms’ company models.

The proposed guidelines stand to assist the ongoing businesses, generally, by simply making clear that their products or services aren’t loans. Continua a leggere