Earned Wage Access Consumer Protection Act regulates earned wage access services, requiring disclosures and prohibiting certain practices.
The Earned Wage Access Consumer Protection Act regulates the business of offering earned wage access services to consumers. It mandates that providers offer a no-cost option alongside any fee-based service. Providers must disclose account numbers, amounts of earned wages, and any fees or tips before disbursing wages. It prohibits discrimination based on race, color, religion, national origin, sex, marital status, or age. Providers must allow consumers to discontinue services without penalties and develop dispute resolution processes.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.