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These apps allow workers to get paid between paychecks. Experts say there are steep costs

Sheri Wilkins talks about her experience using the DailyPay app outside of the clubhouse at her apartment complex in College Station, Texas, in March. ‘They get you hooked’ Sheri Wilkins, 60, who works as a home health aide in College Station, Texas, said she’s used the apps since 2020, and she feels “dependent on the money.” The healthcare contractor that …

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NEW YORK — When Anna Branch, 37, had her hours at work reduced in 2019, she suddenly noticed ads for an app called EarnIn. A spokesperson for DailyPay said in a statement that the app offers two options with no fees to most users and a third with what they described as a “small ATM-like fee.” Matt Bahl, who researches …

Will California crack down on cash apps that trap women in debt?

The “Cha-ching!” the website of one smartphone app declares, displaying a curly-haired mother and child who look to be jumping for joy. “It’s a trap,” said Melissa Burrola, 46, a single mother of three adult children, who makes $19.50 an hour at a nonprofit that provides free food and clothing to the poor in St. Paul, Minn. “I just want …

By the time Dave Tulloch signed up for the paycheck advance app B9 late last year, he was far behind on his bills. Like the many cash advance apps that target workers living paycheck to paycheck, B9 required no credit check and no interest payments: All Tulloch needed to do was create a B9 bank account for $9.99 a month …