Businesses: other; regulation and licensing of earned wage access service providers; provide for. Creates new act.

Summary

The bill creates the Earned Wage Access Services Act, which makes it illegal to offer wage‑advance services without a state license. It sets application requirements, fees, consumer‑protection rules, and enforcement penalties for providers, while exempting banks, payroll processors that don’t fund advances, and employers that pay early. The measure aims to protect workers from hidden costs and financial harm.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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