Establishes licensing requirements for providers of earned wage access services.
Advances the clean energy transition by establishing licensing requirements for providers of earned wage access services. Requires providers to obtain a license from the department and maintain a surety bond. Prohibits providers from charging fees for delivery or expedited delivery of proceeds, charging late fees or deferral fees, interest or any other penalty or charge for failure to pay outstanding proceeds, fees, voluntary tips, gratuities or other donations, and compelling or attempting to compel payment by a consumer of outstanding proceeds, fees, voluntary tips, gratuities or other.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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