,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #iccj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #ah1 #bjbf,mr4  
,/eil 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 ,e>n$   
wage access s]vices  7a7 ,provision (   
e>n$ wage access s]vices  7#a7 ,no-co/  
option requir$ ,if an e>n$ wage access  
provid] (f]s a consum] ! option to      
receive e>n$ wages 9 ex*ange = a fee1   
su* e>n$ wage access provid] %all also  
(f] su* consum] ! option to obta9 ! same
 am\nt ( e>n$ wages at no co/ to !      
consum]4  7#b7 ,requir$ disclosures     
7,a7 ,disclosures prec$+ agreem5t ,ea*  
e>n$ wage access provid] %all disclose !
 foll[+ be=e ent]+ into an agreem5t ) a 
consum]3 7i7 ,any limits on access to ! 
e>n$ wages a consum] may reque/ f su*   

provid]1 includ+--  7,i7 any limits on !
 am\nt ( e>n$ wages a consum] may reque/
 f ! provid] ea* day1 pay p]iod1 or o!r 
"t p]iod2  7,,ii7 any limits on !       
frequ5cy or numb] ( disbursem5ts ( e>n$ 
wages a consum] may reque/ f ! provid]  
ea* day1 pay p]iod1 or o!r "t p]iod2    
7,,iii7 any limits on ! am\nt ( e>n$    
wages a consum] may reque/ f ! provid] t
 are bas$ on a det]m9ation by ! provid] 
( ! ratio betwe5 ! am\nt ( e>n$ wages   
reque/$ by ! consum] & ! total wages    
e>n$ by ! consum]1 & h[ su* det]m9ation 
is made4  7ii7 ,any fees t su* provid]  
may apply1 & ! am\nt ( su* fees4  7iii7 
,a cle> & conspicu\s description ( h[ ! 
consum] may obta9 e>n$ wages )\t pay+ a 
fee or tip4  7iv7 ,an ov]view ( su*     
provid]'s use ( tips t describes--  7,i7
 :e!r su* provid] w accept tips f !     
consum] & 9 :at am\nts2 &  7,,ii7 :e!r  
su* provid] w sugge/ ! consum] provide  
tips & 9 :at am\nts4  7,b7 ,disclosures 
prec$+ disbursem5t ( e>n$ wages ,ea*    
e>n$ wage access provid] %all disclose !

 foll[+ 9 a cle> & conspicu\s mann] aft]
 approv+ any reque/ f a consum] = access
 to e>n$ wages b be=e disburs+ su* e>n$ 
wages to su* consum]3 7i7 ,! acc\nt     
numb] su* provid] has assign$ to !      
consum]1 if applicable4  7ii7 ,! am\nt (
 e>n$ wages t w be provid$ to ! consum] 
by su* provid]4  7iii7 ,! total am\nt ( 
any fees appli$ by su* provid] = su*    
transaction4  7iv7 ,a li/ ( any tips !  
consum] has *os5 to provide = su*       
transaction4  7v7 ,! am\nt t su* provid]
 expects to receive z paym5t aft]       
disburs+ ! e>n$ wages1 ! date on :i* su*
 provid] expects to receive su* am\nt or
 a description ( :5 su* provid] expects 
to receive su* am\nt1 & ! mann] 9 :i*   
su* provid] expects to receive su*      
am\nt4  7,c7 ,additional disclosures    
relat+ to fees & tips ,ea* e>n$ wage    
access provid] :o1 dur+ a cal5d> ye>1   
has disburs$ e>n$ wages & receiv$ a fee 
or tip f a consum] %all provide !       
consum] ongo+ access to ! foll[+        
disclosures3 7i7 ,! total am\nt ( fees &

 tips t ! consum] has already paid 9 !  
!n-curr5t pay p]iod4  7ii7 ,! total     
am\nt ( fees & tips t ! consum] has     
already paid 9 ! cal5d> ye>-to-date4    
7,d7 ,additional disclosures relat+ to  
tips ,if an e>n$ wage access provid]    
solicits1 *>ges1 or receives a tip f a  
consum]1 su* provid]--  7i7 %all cle>ly 
& conspicu\sly disclose to ! consum]1   
be=e ! provid] comm5ces ! transaction to
 :i* ! tip is relat$1 t su* tip-- 7,i7  
is volunt>y2  7,,ii7 is n a requirem5t =
 receiv+ e>n$ wage access s]vices2 &    
7,,iii7 w n impact--  7aa7 ! am\nt ( su*
 e>n$ wages2  7bb7 ! frequ5cy ) :i* su* 
e>n$ wages are disburs$ to su* consum]2 
or  7cc7 ! consum]'s eligibility to use 
! provid]'s e>n$ wage access s]vices2 & 
7ii7 may n /ate t su* tip w b5efit any  
specific individual or gr\p (           
individuals o!r ?an ! provid] itself1   
unless ! /atem5t is true4  7,e7 ,*anges 
to t]ms ,ea* e>n$ wage access provid]   
%all notify ea* consum] ) :i* su* e>n$  
wage access provid] has ent]$ an        

agreem5t to (f] e>n$ wage access s]vices
 ( any mat]ial *anges to ! t]ms &       
conditions ( s]vice us$ by su* provid] n
 less ?an-- 7i7 #cj days be=e su*       
mat]ial *anges take effect2 or  7ii7 a  
%ort] am\nt ( "t be=e su* mat]ial *anges
 take effect1 if ! consum] has cons5t$  
to su* %ort] am\nt ( "t4  7#c7          
,cancellation ( s]vices ,if an e>n$ wage
 access provid] makes e>n$ wage access  
s]vices available to a consum] on a     
recurr+ basis1 su* e>n$ wage access     
provid]--  7,a7 %all all[ su* consum] to
 discont9ue su* s]vices if su* consum]  
provides notice to su* e>n$ wage access 
provid] t su* consum] desires to        
discont9ue su* s]vices2 &  7,b7 may n   
impose any f9ancial p5alty or           
cancellation *>ge on su* consum] z a    
result ( any discont9uation ( s]vices4  
7#d7 ,dispute process requir$ ,ea* e>n$ 
wage access provid] %all develop &      
implem5t policies & proc$ures to respond
 to que/ions & compla9ts f consum]s     
relat+ to-- 7,a7 unau?oriz$ disbursem5t 

( e>n$ wages2  7,b7 disbursem5t ( e>n$  
wages 9 an incorrect am\nt2  7,c7       
disburs$ e>n$ wages t 7 n receiv$2  7,d7
 paym5t ( disburs$ e>n$ wages t 0 n     
receiv$ or 0 made 9 an incorrect am\nt2 
&  7,e7 fees or tips t 7 n au?oriz$ or 7
 made 9 an incorrect am\nt4  7#e7       
,compell+ paym5t = disburs$ e>n$ wages  
7,a7 ,9 g5]al ,an e>n$ wage access      
provid] may n seek paym5t = e>n$ wages  
disburs$ by su* provid] to a consum]1   
includ+ su* disburs$ e>n$ wages1 or any 
relat$ fees or tips1 by-- 7i7 fil+ a    
civil suit aga9/ ! consum]2  7ii7       
initiat+ arbitration proce$+s aga9/ !   
consum]2  7iii7 us+ ! s]vices ( a debt  
collector 7z su* t]m is def9$ 9 section 
#hjc ( ! ,fair ,debt ,collection        
,practices ,act7 to collect am\nts f !  
consum]2 or  7iv7 sell+ expect$ paym5t  
to a ?ird-p>ty debt buy] = purposes (   
debt collection f ! consum]4  7,b7      
,exception ,subp>agraph 7,a7 %all n     
apply if an e>n$ wage access provid] is 
seek+ paym5t = e>n$ wages disburs$ to a 

consum] bas$ on in=mation provid$ by !  
consum] t ! consum] knew 0 false4  7#f7 
,reimbursem5t requir$ ,if an e>n$ wage  
access provid] seeks paym5t ( disburs$  
e>n$ wages1 a fee1 or a tip directly f a
 deposit acc\nt ( a consum]1 on a date  
e>li] ?an1 or 9 an am\nt diff]5t f1 :at 
0 disclos$ at ! "t ( au?orization & su* 
attempt trigg]s an ov]draft fee or      
non-suffici5t funds fee f ! consum]'s   
f9ancial in/itution 7z def9$ 9 section  
#eji ( ! ,gramm-,lea*-,bliley ,act71 !  
e>n$ wage access provid] %all reimburse 
su* consum] = su* fee4  7#g7 ,additional
 limitations ,an e>n$ wage access       
provid] may n--  7,a7 %>e any fees or   
tips t 7 receiv$ f or *>g$ to a consum] 
= e>n$ wage access s]vices ) ! employ] (
 su* consum]2  7,b7 accept paym5t (     
disburs$ e>n$ wages1 fees1 or tips f a  
consum] ?r\gh a cr$it c>d ( ! consum]1  
unless su* cr$it c>d is provid$ to !    
consum] z a "p ( ! e>n$ wage access     
s]vice2  7,c7 require a consum] to pay a
 late fee1 def]ral fee1 int]e/1 or any  

o!r p5alty or *>ge z a result ( a       
failure by ! consum] to pay disburs$    
e>n$ wages1 fees1 or tips reque/$ or    
appli$ by su* provid]2 or  7,d7 furni%  
in=mation to a consum] report+ ag5cy 7z 
def9$ 9 section #fjc ( ! ,fair ,cr$it   
,report+ ,act 7#ae ,u4,s4,c4 #afha;a77  
ab\t a consum]'s e>n$ wage access       
s]vices activities4  7#h7 ,disclosure to
 employ] ,an e>n$ wage access provid]   
may disclose to an employ] ) :i* su*    
provid] has a contract relat+ to e>n$   
wage access s]vices ! date & am\nt ( a  
consum]'s e>n$ wage access transactions 
associat$ ) ! e>n$ wage access s]vices4 
,subject to applicable privacy laws1 a  
provid] may disclose in=mation necess>y 
to p]=m "u a contract ) an employ]      
relat+ to additional products or        
s]vices4  7#i7 ,non-discrim9ation  7,a7 
,9 g5]al ,x %all be unlawful = any e>n$ 
wage access provid] to discrim9ate aga9/
 any consum] on ! basis ( race1 color1  
religion1 national orig91 sex 7includ+  
on ! basis ( pregnancy1 *ildbir?1 or    

relat$ m$ical conditions71 m>ital /atus1
 or age :5 (f]+ e>n$ wage access        
s]vices4  7,b7 ,def9itions ,9 ?is       
p>agraph-- 7i7 ! t]ms race1 color1      
religion1 national orig91 sex1 m>ital   
/atus1 & age h ! same mean+1            
respectively1 z us$ 9 section #gja ( !  
,equal ,cr$it ,opportunity ,act 7#ae    
,u4,s4,c4 #afia7 & rules issu$ !reund]2 
&  7ii7 ! t]ms pregnancy1 *ildbir?1 &   
relat$ m$ical conditions h ! same mean+1
 respectively1 z us$ 9 section #gja7k7 (
 ! ,civil ,rights ,act ( #aifd 7#db     
,u4,s4,c4 #bjjj;e7k74  7#aj7 ,consum]   
data protections ,ea* e>n$ wage access  
provid] %all be deem$ a f9ancial        
in/itution = purposes ( subtitle ,a (   
title ,v ( ! ,gramm-,lea*-,bliley ,act4 
7b7 ,relation to ,/ate laws  7#a7       
,pres]vation ( ,/ate law ,except z      
provid$ 9 p>agraph 7#b71 no?+ 9 ?is ,act
 may be con/ru$ z annull+1 alt]+1       
affect+1 or exempt+ any p]son f comply+ 
) any ,/ate law1 except to ! ext5t t a  
,/ate law is inconsi/5t ) ! provisions (

 ?is ,act1 & !n only to ! ext5t ( !     
inconsi/5cy4  7#b7 ,preemption ,no ,/ate
 or political subdivision !re( may      
impose1 ma9ta91 or en=ce any laws1      
con/itutions1 /atutes1 regulations1     
ord]s1 or int]pretations ) respect to   
e>n$ wage access s]vices t comply ) ?is 
,act t--  7,a7 treat su* s]vices z      
cr$it1 a loan1 debt1 or a sub/antially  
simil> product or s]vice2  7,b7 treat a 
provid] ( su* s]vices z a cr$itor1 l5d]1
 or provid] ( a sub/antially simil>     
product or s]vice2 or  7,c7 prohibits or
 sub/antially re/ricts ! (f]+ or        
provision ( e>n$ wage access s]vices t  
comply ) ?is ,act4  7#c7 ,sav+s clause  
,no?+ 9 ?is ,act may be con/ru$ to      
preempt1 displace1 or limit ! au?ority (
 a ,/ate or political subdivision !re(  
to en=ce laws ( g5]al applicability1    
includ+ laws relat+ to fraud1 deceit1   
unfair or deceptive acts or practices1  
contracts1 prop]ty1 or taxation4  7c7   
,rulemak+ ,n lat] ?an #ahj days aft] !  
date ( enactm5t ( ?is ,act1 ! ,bureau   

%all issue su* rules z are necess>y to  
c>ry out ?is ,act4  7d7 ,rule (         
con/ruction ,e>n$ wage access s]vices   
provid$ 9 compliance ) ?is ,act1 & any  
fees or tips receiv$ 9 connection ) su* 
s]vices1 may n be consid]$ cr$it1 a     
loan1 debt1 an obligation1 liability1 or
 consum] cr$it1 & a p]son provid+ su*   
s]vices %all n be consid]$ a cr$itor or 
l5d]1 & su* fees or tips %all n be      
consid]$ int]e/ or a f9ance *>ge1 "u    
,f$]al law4  7e7 ,def9itions ,9 ?is     
section3 7#a7 ,bureau ,! t]m ,bureau    
means ! ,bureau ( ,consum] ,f9ancial    
,protection4  7#b7 ,consum] ,! t]m      
consum] means a natural p]son4  7#c7    
,e>n$ wages  7,a7 ,9 g5]al ,! t]m e>n$  
wages means sal>y1 wages1 comp5sation1  
or o!r income t a consum] or an employ] 
has repres5t$ & t an e>n$ wage access   
provid] has reasonably det]m9$ h be5    
e>n$ or h accru$ to ! b5efit ( ! consum]
 9 ex*ange = ! s]vices provid$ by !     
consum]1 b t h n yet be5 paid to !      
consum] by an employ]4  7,b7 ,s]vices   

provid$ ,s]vices provid$ by ! consum]   
include any s]vices provid$-- 7i7 on an 
h\rly1 project-bas$1 piecework1 sal>i$1 
or o!r basis2 or  7ii7 :5 ! consum] is  
act+ z a contractor ( ! employ]4  7#d7  
,e>n$ ,wage ,access ,provid]  7,a7 ,9   
g5]al ,! t]m e>n$ wage access provid]   
means a p]son :o provides e>n$ wage     
access s]vices to consum]s4  7,b7       
,exclusions ,! t]m e>n$ wage access     
provid] does n include-- 7i7 a p]son :o 
is n obligat$ to provide access to e>n$ 
wages z "p ( an e>n$ wage access s]vice2
  7ii7 an employ] t (f]s a portion (    
sal>y1 wages1 or comp5sation e>n$ by a  
consum] directly to su* consum] prior to
 a normally s*$ul$ pay date or z su*    
wages are accru$1 irrespective ( any    
s*$ul$ p]iodic pay cycle2  7iii7 a      
f9ancial in/itution 7z def9$ 9 section  
#eji ( ! ,gramm-,lea*-,bliley ,act7 t   
p]mits a consum] to access am\nts       
associat$ ) an electronic fund transf] f
 ! consum]'s employ] or a payroll       
s]vices v5dor ( ! employ] = :i* !       

f9ancial in/itution has receiv$         
in=mation b :i* has n yet settl$2 or    
7iv7 a payroll s]vice v5dor 9 its       
capacity z a facilitator ( wage paym5ts 
to a consum] by an employ]1 exclusive ( 
any e>n$ wage access s]vices t su* v5dor
 may provide4  7#e7 ,e>n$ wage access   
s]vices ,! t]m e>n$ wage access s]vices 
means ! deliv]y ( e>n$ wages to a       
consum] bas$ on--  7,a7 employm5t1      
income1 or att5dance data obta9$        
directly or indirectly f ! employ] ( su*
 consum] or a payroll s]vice v5dor1 or  
o!r v5dors1 contract$ by ! employ] ( su*
 consum]2 or  7,b7 repres5tations made  
by ! consum] & ! reasonable det]m9ation 
( ! e>n$ wages ( su* consum] by an e>n$ 
wage access provid]1 bas$ on in=mation  
made available or accessible to !       
provid] by ! consum]4  7#f7 ,employ] ,! 
t]m employ]-- 7,a7 means a p]son :o     
employs a consum]1 or any o!r p]son :o  
is contractually obligat$ to pay a      
consum] sal>y1 wages1 comp5sation1 or   
o!r income 9 ex*ange = s]vices provid$  

to ! p]son or on ! p]son's behalf2 &    
7,b7 does n include-- 7i7 a cu/om] ( a  
p]son2 or  7ii7 a p]son ^: obligation to
 pay sal>y1 wages1 comp5sation1 or o!r  
income to a consum] is n bas$ on !      
s]vices provid$ = or on behalf ( t      
p]son4  7#g7 ,fee ,! t]m fee means--    
7,a7 a fee = deliv]y1 or exp$it$        
deliv]y1 ( proce$s to a consum]2 or     
7,b7 a subscription1 p>ticipation1 or   
memb]%ip fee = e>n$ wage access s]vices 
or a gr\p ( s]vices t includes e>n$ wage
 access s]vices4  7#h7 ,payroll s]vice  
v5dor ,! t]m payroll s]vice v5dor means 
a v5dor contract$ directly or indirectly
 by an employ] to facilitate paym5t (   
employee wages 9 accordance ) ,f$]al1   
,/ate1 & local law1 includ+ ! ,fair     
,labor ,/&>ds ,act ( #aich1 or to       
provide or v]ify employm5t1 income1 or  
att5dance data4  7#i7 ,tip ,! t]m tip   
means any gratuity1 donation1 or o!r    
volunt>y paym5t t is--  7,a7 made by a  
consum] to an e>n$ wage access provid]2 
7,b7 provid$ gratuit\sly & )\t any      

consequ5ce = nonpaym5t2  7,c7 n subject 
to negotiation1 &  7,d7 9 an am\nt      
det]m9$ by ! consum]4  7#aj7 ,/ate ,!   
t]m ,/ate means ea* ( ! sev]al ,/ates1 !
 ,di/rict ( ,columbia1 & any t]ritory ( 
! ,unit$ ,/ates4  #c4 ,con=m+ am5dm5ts  
7a7 ,consum] ,f9ancial ,protection ,act 
( #bjaj ,section #ajjb ( ! ,consum]     
,f9ancial ,protection ,act ( #bjaj 7#ab 
,u4,s4,c4 #edha7 is am5d$--  7#a7 9     
p>agraph 7#ab7-- 7,a7 9 subp>agraph     
7,q71 by /rik+ & at ! end2  7,b7 9      
subp>agraph 7,r71 by /rik+ ! p]iod at ! 
end & ins]t+ 2 &2 &  7,c7 by add+ at !  
end ! foll[+3  7,s7 ! ,e>n$ ,wage       
,access ,consum] ,protection ,act4  2 & 
7#b7 9 p>agraph 7#ae77;,a7--  7,a7 by   
r$esignat+ clauses 7x7 & 7xi7 z clauses 
7xi7 & 7xii71 respectively2 &  7,b7 by  
ins]t+ aft] clause 7ix7 ! foll[+3  7x7  
provid+ e>n$ wage access s]vices1 z     
def9$ 9 section #b ( ! ,e>n$ ,wage      
,access ,consum] ,protection ,act2  4   
7b7 ,tru? 9 ,l5d+ ,act ,section #ajc ( !
 ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4      

#afjb7 is am5d$--  7#a7 9 subsection    
7f71 by /rik+ def] its paym5t & ins]t+  
def] its paym5t1 b does n include e>n$  
wage access s]vices z def9$ 9 ! ,e>n$   
,wage ,access ,consum] ,protection      
,act42 &  7#b7 9 subsection 7g71 by add+
 at ! end ! foll[+3 ,! t]m cr$itor does 
n include e>n$ wage access provid]s z   
su* t]m is def9$ 9 ! ,e>n$ ,wage ,access
 ,consum] ,protection ,act44