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Palaniappan admitted that Earnin does often pull funds early if your payday lands on a vacation

Palaniappan admitted that Earnin does often pull funds early if your payday lands on a vacation

“Even the idea of a pay period is just a couple of hundreds of years old,” Palaniappan told The Post. “There’s a guide when you look at the Bible that workers could be paid before sunset.” He proceeded to say that Earnin’s cash advances aren’t loans at all, but instead “nonrecourse transactions” that don’t fee interest or provide Earnin the proper to get. Saunders said it had been “quite debatable” whether Earnin’s loans are nonrecourse and therefore even it might not matter anyway if they were.