S 725
An Act relative to financial technology services
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposed to require the Division of Banks in Massachusetts to license companies that offer ‘earned wage access’ services – services that allow employees to access their wages before their scheduled payday. The goal was to ensure these services operated safely and responsibly, protecting consumers and employees from potential risks. The bill aimed to establish regulations and oversight for this growing financial technology sector. Ultimately, the bill failed to pass.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Sal N. DiDomenico
Cosponsor
Sal N. DiDomenico
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