Relating to: earned wage access services.

Summary

The bill limits the fees that licensed earned‑wage‑access providers can charge for cash‑advance services: $5 for advances up to $75 and $7.50 for larger advances. It also requires those fee caps to be adjusted for inflation every five years starting in 2030 and shields the services from a range of existing financial‑services regulations.

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

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