The FinTech Industry Wants to Give Desperate Workers an Advance on Their Next Paycheck. It’s a Trap.
Consumer advocates are very alarmed by the underlying power imbalance between wage-access providers and the low-income workers they serve, exposing once again Silicon Valley’s penchant for dressing up in utopian visions the dystopian brutality of its desire to make money. “If you think about someone working at Walmart, Target, someone like that,” says Keith Corbett, of the Center for Responsible...