Search Results: keywords:"earned wage access"

  • H. R. 7428 — To regulate the business of offering and providing earned wage access services to consumers, and for other purposes.
    Status:Introduced in House
    Words:2,447

    H.R. 7428, also known as the "Earned Wage Access Consumer Protection Act," aims to regulate services that allow people to access their earned wages before the usual payday. The bill sets rules for how these services can operate, including requirements for transparency in fees...

    Simple Explanation

    The bill is like a set of rules for companies that let people get paid early. It wants to make sure everything is fair, such as telling people any costs, and making sure it's safe to use without any tricks.

  • H. R. 7428 — To regulate the business of offering and providing earned wage access services to consumers, and for other purposes.
    Status:Reported in House
    Words:2,461

    H. R. 7428 aims to regulate companies that offer earned wage access services, which allow workers to access their earned wages before payday. The bill requires these companies to offer a no-cost option to consumers and provide clear disclosures about fees, voluntary payments,...

    Simple Explanation

    H.R. 7428 is a rule that tries to make it fair and safe when companies let people get their paychecks early. It makes sure there's a free way to use this service, clear explanations about any costs, and protects people from getting into trouble or being treated unfairly just because of who they are.