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The DailyPay Blog
Ideas on Improving Employee Engagement and Retention

neo-payday lenders, #financialwellness, daily pay benefit

How Payday Lenders Masquerade as On-Demand Pay Providers

The results are in: a 2020 poll conducted by Morning Consult and commissioned by the Center for Responsible Lending, a nonprofit aimed at protecting consumers, found that 70% of registered voters approve of limiting interest rates on consumer loans to 36%¹. The poll found that not only does this measure have[...]

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neo-payday lenders, compliance, daily pay benefit

Helping Payroll to Understand On-Demand Pay

With each new survey, employee desire for access to their accrued earnings before payday grows, along with retention rates for employers that implement the #dailypaybenefit. It’s a win-win.

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payday loan, neo-payday lenders, compliance, #dailypay

Payday Lenders Resist!

Buggy whips. That’s what I think of as I follow the drama that surrounds payday lending. 

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neo-payday lenders, #dailypaynation, future of work, payroll-advance apps

Beware Wolves in Sheep’s Clothing

 

For the last 50 years, payroll has been a business-as-usual, set-in-stone, mechanical process that takes place on a predictable weekly, biweekly, semimonthly or monthly schedule. Workers, without any savings, who had an emergency or a bill due outside of the normal pay cycle have been forced to endure late and[...]

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Employees stay longer with DailyPay

DailyPay enables your employees to access their pay before payday, empowering them to meet their financial goals. Employees that find financial security at your company stay longer, reducing your turnover and improving bottom line profits.

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