Committee hears competing views on earned-wage access bill; set to be held for amendment

The House Financial Institutions Committee heard testimony on House Bill 1125, which would create a licensing and oversight framework for earned-wage access (EWA) providers operating in Indiana. Proponents told the committee the bill offers consumer protections and regulatory certainty; advocates and some consumer groups urged tighter fee limits, mandatory APR disclosure and stronger data-sharing safeguards. The committee announced it will hold the bill for amendment and possible vote next week.