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.