Ohio HB152 regulates earned wage access services, requiring registration and compliance with specific operational standards.

Ohio HB152 establishes regulations for companies providing earned wage access services, which allow consumers to access their earned but unpaid income. The bill mandates that these companies must obtain a certificate of registration from the superintendent of financial institutions. It outlines the application process, including background checks and financial requirements. Registered providers must adhere to specific operational standards, such as clearly disclosing fees and the voluntary nature of tips, gratuities, and donations.

Ohio HB152 regulates earned wage access services, requiring registration and compliance with specific operational standards.

Ohio HB152 establishes regulations for companies providing earned wage access services, which allow consumers to access their earned but unpaid income. The bill mandates that these companies must obtain a certificate of registration from the superintendent of financial institutions. It outlines the application process, including background checks and financial requirements. Registered providers must adhere to specific operational standards, such as clearly disclosing fees and the voluntary nature of tips, gratuities, and donations.