Arizona HB2309 regulates earned wage access services, requiring licenses for providers and setting operational standards.

Arizona HB2309 introduces regulations for businesses offering earned wage access services, requiring them to obtain a license from the Arizona Department of Financial Institutions. The bill outlines specific operational standards for these providers, including consumer consent for electronic communications, cancellation policies, and fee limits. It also mandates annual reporting and compliance with privacy laws. Providers must maintain a surety bond and post their license visibly. The bill exempts certain entities from licensing requirements and outlines penalties for non-compliance.

Arizona HB2309 regulates earned wage access services, requiring licenses for providers and setting operational standards.

Arizona HB2309 introduces regulations for businesses offering earned wage access services, requiring them to obtain a license from the Arizona Department of Financial Institutions. The bill outlines specific operational standards for these providers, including consumer consent for electronic communications, cancellation policies, and fee limits. It also mandates annual reporting and compliance with privacy laws. Providers must maintain a surety bond and post their license visibly. The bill exempts certain entities from licensing requirements and outlines penalties for non-compliance.