Relates to the interest rate cap on cash advances against wages or salary

Summary

The bill makes cash advances against future wages subject to the state's current interest‑rate ceiling for loans. It counts any fee, tip, subscription cost or other charge tied to the advance as a finance charge, banning lenders from charging above the capped rate. The goal is to shield workers from predatory costs on payday‑type loans.

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

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