As California mulls rules for pay day loan alternative, rifts emerge

Startups that offer early access to workers’ attained wages are jostling over key components of pending Ca legislation that will produce the nation’s first-ever regulatory framework when it comes to nascent industry. Their state Senate passed a bill 35-0 month that is last but interviews with professionals when you look at the fast-growing sector unveiled big disagreements in regards to the legislation. Those disputes mirror key variations in their firms’ company models. The proposed guidelines…