,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #gdbh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #bj1 #bjbd   
,mr4 ,/eil 7= himself & ,mr4 ,hill7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to regulate ! bus9ess ( (f]+ & 
provid+ e>n$ wage access s]vices to     
consum]s1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,e>n$   
,wage ,access ,consum] ,protection ,act4
  #b4 ,def9itions ,9 ?is ,act3  7#a7    
,bureau ,! t]m ,bureau means ! ,bureau (
 ,consum] ,f9ancial ,protection4  7#b7  
,consum] ,! t]m consum] means a natural 
p]son4  7#c7 ,consum]-direct$ wage      
access s]vices ,! t]m consum]-direct$   
wage access s]vices means (f]+ or       
provid+ e>n$ wage access s]vices        
directly to consum]s bas$ on ! consum]'s
 repres5tations & ! provid]'s reasonable
 det]m9ation ( ! consum]'s e>n$ b unpaid
 income4  7#d7 ,debt collector ,! t]m   
debt collector has ! mean+ giv5 t t]m "u
 section #hjc ( ! ,fair ,debt           

,collection ,practices ,act 7#ae        
,u4,s4,c4 #afib;a74  7#e7 ,e>n$ b unpaid
 income ,! t]m e>n$ b unpaid income     
means sal>y1 wages1 comp5sation1 or o!r 
income t a consum] or an employ] has    
repres5t$1 & t a provid] has reasonably 
det]m9$1 h be5 e>n$ or h accru$ to !    
b5efit ( ! consum] 9 ex*ange = !        
consum]'s provision ( s]vices to !      
employ] or on behalf ( ! employ]1       
includ+ on an h\rly1 project-bas$1      
piecework1 or o!r basis & includ+ :]e ! 
consum] is act+ z an indep5d5t          
contractor ( ! employ]1 b h n1 at ! "t (
 ! paym5t ( proce$s1 be5 paid to !      
consum] by an employ]4  7#f7 ,e>n$ wage 
access s]vices ,! t]m e>n$ wage access  
s]vices means ! bus9ess ( provid+       
consum]-direct$ wage access s]vices or  
employ]-integrat$ wage access s]vices1  
or bo? at ! reque/ ( an employee4  7#g7 
,employ]  7,a7 ,9 g5]al ,! t]m employ]  
means a p]son :o-- 7i7 employs a        
consum]2 or  7ii7 any o!r p]son :o is   
contractually obligat$ to pay a consum] 

e>n$ b unpaid income 9 ex*ange = !      
consum]'s provision ( s]vices to !      
employ] or on behalf ( ! employ]1       
includ+ on an h\rly1 project-bas$1      
piecework1 or o!r basis & includ+ :]e ! 
consum] is act+ z an indep5d5t          
contractor ) respect to ! employ]4  7,b7
 ,exclusion ,! t]m employ] does n       
include--  7i7 a cu/om] ( an employ] or 
any o!r p]son ^: obligation to make a   
paym5t ( sal>y1 wages1 comp5sation1 or  
o!r income to a consum] is n bas$ on !  
provision ( s]vices by t consum] = or on
 behalf ( su* p]son2 or  7ii7 a         
?ird-p>ty s]vice provid] contract$ by ! 
employ] to di/ribute income to consum]s1
 includ+ on dem& pay = e>n$ b unpaid    
income reque/$ by ! consum]1 on behalf (
 ! employ] at no fee to ! consum]4  7#h7
 ,employ]-integrat$ wage access s]vices 
,! t]m employ]-integrat$ wage access    
s]vices means ! bus9ess ( deliv]+ to    
consum]s access to e>n$ b unpaid income 
t is bas$ on employm5t1 income1 or      
att5dance data obta9$ directly or       

indirectly f an employ]4  7#i7 ,fee ,!  
t]m fee means--  7,a7 a fee impos$ by a 
provid] = deliv]y or exp$it$ deliv]y (  
proce$s to a consum]2  7,b7 a           
subscription or memb]%ip fee impos$ by a
 provid] = a bona fide gr\p ( s]vices t 
include e>n$ wage access s]vices2 &     
7,c7 does n include a volunt>y tip1     
gratuity1 or o!r donation paid by a     
consum] to a provid]4  7#aj7 ,out/&+    
proce$s ,! t]m out/&+ proce$s means a   
paym5t ( proce$s to a consum] by a      
provid]1 :i* has n yet be5 repaid to t  
provid]4  7#aa7 ,proce$s ,! t]m proce$s 
means a paym5t to a consum] by a        
provid]1 :i* is bas$ on e>n$ b unpaid   
income4  7#ab7 ,provid] ,! t]m provid]--
  7,a7 means a p]son :o is 9 ! bus9ess (
 provid+ e>n$ wage access s]vices to    
consum]s2 &  7,b7 does n include--  7i7 
a s]vice provid] 7su* z a payroll s]vice
 provid]7 ^: role may include v]ify+ a  
consum]'s available e>n+s b t is n      
contractually obligat$ to fund proce$s  
deliv]$ z "p ( an e>n$ wage access      

s]vice2  7ii7 an employ] t (f]s a       
portion ( sal>y1 wages1 or comp5sation  
directly to its employees or indep5d5t  
contractors prior to ! normally s*$ul$  
pay date2  7iii7 a f9ancial in/itution  
7z su* t]m is def9$ 9 section #bj (     
title #ah1 ,unit$ ,/ates ,code7 :5 x    
p]mits cu/om]s to access am\nts         
associat$ ) an electronic funds         
transaction = :i* ! f9ancial in/itution 
has receiv$ in=mation b :i* has n yet   
settl$2 &  7iv7 a payroll s]vice provid]
 t facilitates paym5ts to work]s ( e>n$1
 available wage balances 9 accordance ) 
,f$]al1 ,/ate1 & local law1 includ+ !   
,fair ,labor ,/&>ds ,act ( #aich4  #c4  
,non-discrim9ation ,x %all be unlawful =
 any provid] to discrim9ate aga9/ any   
consum]1 ) respect to any aspect ( a    
transaction on ! basis ( race1 color1   
religion1 national orig91 sex1          
pregnancy1 m>ital /atus1 or age 7provid$
 ! consum] has ! capacity to contract74 
#d4 ,requirem5ts applicable to provid]s 
7a7 ,dispute policy ,ea* provid] %all   

develop & implem5t policies & proc$ures 
to respond to consum] disputes &        
que/ions rais$ by consum]s4  7b7        
,non-,rec\rse paym5ts  7#a7 ,9 g5]al ,a 
provid] may n compel or attempt to      
compel repaym5t by a consum] ( out/&+   
proce$s1 fees1 volunt>y tips1           
gratuities1 or o!r donations to t       
provid] ?r\gh-- 7,a7 a civil suit or    
arbitration proce$+ aga9/ ! consum]2    
7,b7 use ( a ?ird p>ty to pursue        
collection ( out/&+ proce$s1 fees1      
volunt>y tips1 gratuities1 or o!r       
donations on ! provid]'s behalf2 or     
7,c7 ! sale ( out/&+ am\nts to a        
?ird-p>ty collector or debt buy] =      
collection f ! consum]4  7#b7 ,fraud    
exception ,p>agraph 7#a7 %all n apply to
 repaym5t ( out/&+ am\nts obta9$ by a   
consum] ?r\gh fraudul5t means or        
preclude a provid] f pursu+ an employ] =
 brea* ( its contractual obligations to 
! provid]4  7c7 ,disclosures to consum]s
 ,ea* provid] %all--  7#a7 be=e ent]+   
into an agreem5t ) a consum] = !        

provision ( e>n$ wage access s]vices--  
7,a7 in=m ! consum] ( 8 or h] rights "u 
! agreem5t2 &  7,b7 fully & cle>ly      
disclose all fees associat$ ) ! e>n$    
wage access s]vices2 &  7#b7 in=m a     
consum] ( ! fact ( any mat]ial *anges to
 ! t]ms & conditions ( ! e>n$ wage      
access s]vices be=e implem5t+ ^? *anges 
= t consum]4  7d7 ,=m ( proce$s ,a      
provid] %all provide proce$s to a       
consum] ?r\gh a process mutually agre$  
^u betwe5 ! consum] & provid]4  7e7     
,rules = access+ deposit acc\nts  7#a7  
,9 g5]al ,a provid] t seeks repaym5t (  
out/&+ proce$s1 fees1 volunt>y tips1    
gratuities1 or o!r donations f a        
consum]'s deposit acc\nt1 includ+ via   
electronic transf]1 %all--  7,a7 comply 
) applicable provisions ( ! ,electronic 
,fund ,transf] ,act & its implem5t+     
regulations2 &  7,b7 reimburse ! consum]
 = ! full am\nt ( any ov]draft or       
non-suffici5t funds fees impos$ on a    
consum] by ! consum]'s depository       
in/itution t 7 caus$ by ! provid]       

attempt+ to seek paym5t ( any out/&+    
proce$s1 fees1 or o!r paym5ts 9         
connection ) ! activities cov]$ by ?is  
,act1 includ+ volunt>y tips1 gratuities1
 or o!r donations1 on a date be=e1 or 9 
an incorrect am\nt f1 ! date or am\nt   
disclos$ to ! consum]4  7#b7 ,fraud     
exception ,p>agraph 7#a7 %all n apply to
 paym5ts ( out/&+ proce$s1 fees1 or o!r 
am\nts obta9$ by a consum] ?r\gh        
fraudul5t or o!r unlawful means4  7f7   
,cancel+ p>ticipation 9 an e>n$ wage    
access s]vice ,a provid] t makes e>n$   
wage access s]vices available to a      
consum] on a recurr+ basis %all all[ t  
consum] to discont9ue receiv+ future    
s]vices ^u reasonable notice )\t impos+ 
a f9ancial p5alty on t consum]4  7g7    
,limitations relat$ to fees & o!r       
paym5ts  7#a7 ,a provid] may n-- 7,a7   
%>e ) an employ] any proce$s fees1      
volunt>y tips1 gratuities1 or o!r       
donations t 7 receiv$ f or *>g$ to a    
consum] = e>n$ wage access s]vices2     
7,b7 accept paym5t ( out/&+ proce$s1    

fees1 volunt>y tips1 gratuities1 or o!r 
donations f a consum] via cr$it c>d or  
*>ge c>d1 unless su* cr$it c>d or *>ge  
c>d is provid$ to ! consum] z a "p ( !  
e>n$ wage access s]vice2 or  7,c7 *>ge a
 late fee1 def]ral fee1 int]e/1 or any  
o!r p5alty or *>ge = failure to pay     
out/&+ proce$s1 fees1 volunt>y tips1    
gratuities1 or o!r donations4  7#b7 ,a  
provid] may1 :5 contractually requir$1  
disclose to an employ] ! date ( a       
transaction associat$ ) e>n$ wage access
 s]vices4  7h7 ,volunt>y nature ( tips1 
gratuities1 & o!r donations ,if a       
provid] solicits1 *>ges1 or receives a  
tip1 gratuity1 or o!r donation f a      
consum]1 ! provid] %all--  7#a7 cle>ly &
 conspicu\sly disclose to ! consum]     
imm$iately prior to ea* transaction t a 
tip1 gratuity1 or o!r donation am\nt may
 be z]o & is volunt>y2  7#b7 cle>ly &   
conspicu\sly disclose 9 its agreem5t ) !
 consum] t tips1 gratuities1 or         
donations are volunt>y & t ! (f]+ ( e>n$
 wage access s]vices1 includ+ ! am\nt ( 

proce$s a consum] is eligible to reque/ 
& ! frequ5cy ) :i* proce$s are provid$  
to a consum]1 is n cont+5t on :e!r !    
consum] pays any tip1 gratuity1 or o!r  
donation or on ! size ( ! tip1 gratuity1
 or o!r donation2  7#c7 refra9 f        
mislead+ or deceiv+ consum]s ab\t !     
volunt>y nature ( su* tips1 gratuities1 
or o!r donations2 &  7#d7 refra9 f      
repres5t+ t tips1 gratuities1 or o!r    
donations w b5efit any specific         
individuals4  7i7 ,consum] dispute def9$
 ,9 ?is section1 ! t]m consum] dispute  
means an allegation by a consum] t--    
7#a7 a paym5t ( proce$s 0--  7,a7 n     
au?oriz$2  7,b7 9 ! incorrect am\nt2 or 
7,c7 n receiv$2  7#b7 a repaym5t (      
proce$s 0--  7,a7 9 ! incorrect am\nt2  
or  7,b7 n receiv$2 or  7#c7 a fee1 tip1
 gratuity1 or o!r donation 0-- 7,a7 n   
au?oriz$2 or  7,b7 9 ! incorrect am\nt4 
#e4 ,bureau au?ority to promulgate      
regulations applicable to provid]s  7a7 
,9 g5]al ,! ,director ( ! ,bureau %all h
 au?ority to regulate ! provision ( e>n$

 wage access s]vices by provid]s4  7b7  
,def9ition ( enum]at$ consum] laws      
,section #ajjb7ab7 ( ! ,consum]         
,f9ancial ,protection ,act ( #bjaj 7#ab 
,u4,s4,c4 #edha7ab77 is am5d$-- 7#a7 9  
subp>agraph 7,q71 by /rik+ & at ! end2  
7#b7 9 subp>agraph 7,r71 by /rik+ !     
p]iod at ! end & ins]t+ 2 &2 &  7#c7 by 
add+ at ! end ! foll[+3  7,s7 ! ,e>n$   
,wage ,access ,consum] ,protection ,act4
  4  #f4 ,application ( ,tru? 9 ,l5d+   
,act ,proce$s provid$ to a consum] 9    
compliance ) ?is ,act %all n be consid]$
 consum] cr$it1 = purposes ( section    
#afjb7;f7 ( title #ae1 ,unit$ ,/ates    
,code1 & ! provid] ( ^? proce$s %all n  
be consid]$ a cr$itor = purposes (      
section #afjb7;g7 ( su* title4 ,fees1   
tips1 gratuities1 & donations paid by a 
consum] to a provid] %all n be consid]$ 
f9ance *>ges = purposes ( section       
#afje7;a7 ( su* title4  #g4 ,rule (     
con/ruction ,no?+ 9 ?is ,act1 or !      
am5dm5ts made by ?is ,act1 may be       
con/ru$ to sup]c$e any o!r requirem5t on

 a f9ancial in/itution or employ] f\nd 9
 ,f$]al law4