HB2086

Oklahoma HB2086 regulates earned wage access services, defining terms and setting requirements and prohibitions for providers.

Oklahoma HB2086, known as the Oklahoma Earned Wage Access Services Act, defines terms and sets requirements and prohibitions for providers of earned wage access services. It prohibits providers from sharing fees with employers, using credit reports for eligibility, accepting credit card payments, or compelling payment of outstanding proceeds. Providers must inform consumers of their rights, disclose fees, and allow cancellation without fees. The act also defines terms like "consumer," "employer," and "outstanding proceeds." It becomes effective November 1, 2025.