As fintech firms and employers expand into so-called earned wage access services for workers in the market for cash advances, two states have recently passed legislation to regulate the product in ways that may be a model for others to follow. On July 6, Republican Gov. Mike Parson of Missouri signed into law a legislation regulating EWA products and distinguishing that they aren't credit products. Alexander J. Callen, a Banking, Consumer Financial Services, and Fintech partner, said to Law360 it has generally been hard for existing financial licensing regimes, such as those governing lending or money transmission, to apply with the right fit to the EWA industry since the products are all tech-enabled.