Vermont H0099 regulates earned wage access services, requiring licensing and setting terms for providers.

Vermont H0099 introduces regulations for earned wage access services, requiring providers to obtain a license. The bill defines terms such as "earned wage access services" and "licensee," and outlines requirements for licensees, including offering basic services at no cost and providing clear disclosures. It prohibits certain practices, such as charging for basic services or reporting payment failures to credit agencies. The bill also allows for a private right of action for consumers against unlicensed providers.

Vermont H0099 regulates earned wage access services, requiring licensing and setting terms for providers.

Vermont H0099 introduces regulations for earned wage access services, requiring providers to obtain a license. The bill defines terms such as "earned wage access services" and "licensee," and outlines requirements for licensees, including offering basic services at no cost and providing clear disclosures. It prohibits certain practices, such as charging for basic services or reporting payment failures to credit agencies. The bill also allows for a private right of action for consumers against unlicensed providers.