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Office of State Bank Commissioner reports surge in earned-wage-access providers, requests two oversight positions
Summary
OSBC told the committee there are 26 registered earned-wage-access providers in Kansas (six more under review) following passage of the Earned Wage Access Act; the agency requested two FTEs funded by licensing fees to oversee the providers.
The Office of State Bank Commissioner told the Financial Institutions and Insurance Committee that registration and licensing activity for earned-wage-access (EWA) providers rose after the Earned Wage Access Act (House Bill 2560) took effect. Brock Raeler said Kansas had 26 registered EWA providers as of December 2025, with six additional applications pending.
To manage supervision and examinations, the agency requested two full‑time equivalent positions dedicated to EWA oversight. "To avoid delays and maintain timely supervision, we have requested that 2 FTE positions dedicated to EWA oversight as an enhancement to our base budget requirements," Raeler said, and added that the costs would be covered through licensing fees from EWA service providers.
Raeler said the Consumer and Mortgage Lending Division already anticipated the need and that funding for the positions would come from licensing collections rather than the State General Fund. The committee accepted the informational presentation; no committee vote on staffing occurred during the session.
