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Fintechs created earned wage access so cash-strapped employees could get an advance on their next paycheck to cover urgent expenses. Some say repeat usage of fee-based EWA resembles a payday loan, sparking debate over whether regulators should call EWA a loan.

Joseph Ugrin, PhD, CPA, is a professor, RSM endowed chair, and head of the department of accounting at the University of Northern Iowa. He has published dozens of research articles in accounting, business, and psychology. He serves as the associate editor for Advances in Accounting and on the editorial boards of other accounting and business journals.  He has experience in public accounting and worked as a corporate financial manager.  

Timothy Lindquist, PhD, is the PricewaterhouseCoopers professor of accounting at the University of Northern Iowa.  Having previously served on the Editorial Board of Issues in Accounting Education he has published numerous research articles in a mix of high-level academic journals and high-impact practitioner journals.  His experience in higher education spans nearly 40 years.

Artificial intelligence and machine learning are already revolutionizing some elements of the business, but a human ability to "read between the lines" will always be needed.

The credit card swipe fee bill won't be in the defense spending package now, but the bill's Republican co-sponsor believes that it will receive a vote soon.

The Wilmington, North Carolina-based small-business lender is prepping a wider rollout of the business checking account it introduced in the first quarter. Chairman and CEO Chip Mahan said the move will allow the company to "nip at [its competitors'] edges as their customers feel less appreciated."

Following the difficulties of Silicon Valley Bank and Signature Bank this spring, banks are approaching the emergency lending facility more proactively, the Federal Reserve chair said.

The regional bank said metropolitan economies across its central and western U.S. footprint are resilient, and new loan opportunities are abundant. Trepidation among competitors, too, is creating openings for the Oklahoma bank, its CEO said in an interview.

Elon Musk's original X.com was an internet bank that became part of PayPal. Musk wants to bring X back to its banking roots, but the market may have moved on.

Treasury Department Assistant Secretary for Financial Institutions Graham Steele also spoke favorably of capital changes set to be proposed by banking agencies on Thursday.