Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears testimony on House Bill 152 to regulate earned‑wage‑access services
Summary
The House Commerce and Labor Committee held a second hearing on House Bill 152, which would create a registration and consumer‑protection framework for earned‑wage‑access (EWA) services. Industry witnesses described how EWA products operate, the optional fees charged for instant transfers, and consumer protections the bill would require.
House Bill 152, a proposal to create a consumer‑protection registration framework for earned‑wage‑access (EWA) services, received proponent testimony and questions during a second committee hearing.
Elise Hicks, senior manager of public policy at DailyPay LLC, told the committee DailyPay serves more than 4.4 million users nationwide and has partnered with hundreds of Ohio employers. She said EWA “provides access to wages they have already earned” and can be “an essential alternative to high‑cost options” such as payday lending. Hicks described industry best practices: a mandatory free option (ACH transfers that typically take 1–3 business days), an optional instant transfer fee (DailyPay’s instant transfer fee cited in testimony was $2.99 to $3.49), no interest charged, and a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
