Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House committee approves bill to regulate earned‑wage‑access with consumer protections
Summary
The House Insurance & Commerce Committee voted to pass HB15‑17, which defines and regulates earned‑wage‑access (EWA). Sponsors and industry witnesses said the optional, nonrecourse product gives workers faster access to pay but preserves a free standard transfer while allowing paid expedited transfers (industry average cited ~$3.18).
Representative Ray (House District 69) asked the Insurance & Commerce Committee to adopt HB15‑17, legislation to define and set minimum consumer protections for earned‑wage‑access (EWA) services. Ray said the bill clarifies definitions, requires providers to offer a free standard transfer option and establishes prohibited conduct for providers while allowing optional expedited transfers for a fee.
The bill drew industry witnesses: Andrew Welch, government‑relations manager for DailyPay, described EWA as an employer‑integrated benefit that operates similarly to PayPal or Venmo for payroll, and Phil Goldfeder, CEO of the American…
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
