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Committee adopts amendment to earned-wage-access bill after consumer groups urge stronger guardrails
Summary
Lawmakers amended House Bill 152 to exempt certain earned-wage-access (EWA) providers from provider requirements and permit reporting to consumer reporting agencies; consumer advocates and community development groups urged fee caps, default tip settings and bringing some products under existing short-term loan law.
The House Commerce and Labor Committee adopted an amendment to House Bill 152 after opponent testimony from consumer advocates who urged stronger guardrails for earned-wage-access (EWA) products.
Representative Hoops moved to amend HB 152 with amendment 0931, which narrows some provider requirements for EWA firms, removes a ban on reporting payment information to consumer reporting agencies and adjusts how credit scores are used in eligibility checks.…
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