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Committee advances bill to authorize earned-wage access with disclosure and fee limits
Summary
A committee advanced House Bill 241 to allow earned-wage access products to operate within state law as loans with defined disclosure rules, a stated convenience fee framework (up to $5) and limits on advances.
A legislative committee advanced House Bill 241, described during the hearing as LC 443,072 S, to clarify how employers and third-party providers can offer earned-wage access — allowing workers to obtain wages earned before payday.
A presenter told the panel the bill “allows the worker to get their money as they earn it, not having to wait till payday.” Committee discussion…
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