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Committee advances earned-wage access bill as amended, keeps payday database limited to legacy lenders
Summary
Lawmakers amended and approved a do-pass on an earned‑wage access bill that sets licensing and reporting requirements for providers while leaving existing payday‑loan database reporting unchanged.
The House Industry, Business and Labor Committee voted to give a do‑pass recommendation to an amended version of House Bill 1393, a measure that would license and regulate earned‑wage access providers and require periodic reporting to the Department of Financial Institutions (DFI).
The amendment, presented by Vice Chair Ben Asley, mirrors elements of a Kansas regulatory model and keeps the existing payday‑loan shared database limited to legacy brick‑and‑mortar…
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