earned wage access; providers; license

Added a one-year delay, requiring providers to be licensed by the department starting January 1, 2026, rather than immediately upon enactment.

Changed the regulatory authority from the 'division' to the 'department' throughout the text, updating references to who issues licenses and enforces rules.

Added a mandatory requirement for providers to offer consumers an option to obtain proceeds at no cost.

Expanded consumer disclosure requirements to include a clear explanation of the difference between paid and free options.

Mandated that providers reimburse consumers for any overdraft or nonsufficient fund fees caused by the provider's attempts to collect payments.

Added a prohibition on providers using outbound telephone calls for collection activities.

Restricted the ability of providers to solicit or receive tips, gratuities, or donations to only one time per transaction.

Required providers to conspicuously post their license on their website and any official consumer-facing documents.

Added a requirement for providers to provide at least 30 days' advance written notice for material changes to service terms, including consent for automated transfers.

Expanded annual reporting requirements to separately track transactions involving fees, voluntary tips, and no-cost proceeds.

Extended the record-keeping requirement for providers to at least five years.

Adjusted the definition of 'employer' to refer to the 'person' rather than specifically the 'employer' in certain contexts.