PayOnDemand and is available for all ESHYFT nurses except for Connecticut and Wisconsin.
Why is PayOnDemand not available in Connecticut and Wisconsin?
Connecticut and Wisconsin introduced respective regulations that classify earned wage access products, such as PayOnDemand, as small loan lending, triggering the need for additional disclosures and filings. As such this impedes Fingercheck's ability to offer these products to residents of Connecticut and Wisconsin.
Does this affect nurses who work in Connecticut or Wisconsin but reside in another state?
No, the law only applies to employees who reside in Connecticut or Wisconsin. Nurses who work in Connecticut or Wisconsin but live elsewhere are not affected.
Is there a possibility that the PayOnDemand feature will be re-enabled in Connecticut and/or Wisconsin in the future?
Fingercheck is monitoring the regulatory landscape and will inform us if there are any changes.
Are there any other states where the PayOnDemand feature might be disabled?
The company's legal counsel has confirmed that no other state poses a concern regarding the PayOnDemand feature, except for Connecticut and Wisconsin.