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Senate committee approves earned-wage-access bill with consumer-protection amendments, 7-1
Summary
Senator Walker presented a substantial amendment to the earned-wage-access bill (House Bill 11 25) adding consumer protections, fee caps and app conduct rules; the committee adopted the amendment by consent and moved the bill to the floor 7–1.
Senator Walker presented an amendment to House Bill 11 25 that he described as "pretty substantial," saying it "changes the effective date, to oneonetwenty 26 to give DFI time to implement, clarifies that an EWA cannot report consumer activity to a consumer reporting agency." He told the committee the amendment also "adds caps to the provider licensing fees and penalties," and contains multiple in-app consumer protections.
Key provisions Walker described in committee include: a prohibition on reporting consumer activity to consumer reporting agencies;…
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