S 3110
"New Jersey Earned Wage Access Services Act"; concerns regulation of earned wage access services.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
The New Jersey Earned Wage Access Services Act regulates earned wage access services, which provide consumers with access to their unpaid wages. This bill establishes licensing requirements for providers of these services, defining key terms like ‘consumer-directed earned wage access services’ and ‘employer-integrated wage access services.’ It aims to protect consumers by outlining transparency requirements regarding fees and terms, and prohibiting practices like charging late fees or reporting unpaid wages to credit reporting agencies. The act also addresses financial responsibility and compliance with federal regulations.
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