earned wage access; providers; license

HB 2309 creates a new licensing framework for "earned wage access" (EWA) providers in Arizona, establishing Chapter 18 of the Arizona Revised Statutes. The bill exempts EWA service transactions from most existing consumer lending regulations, including those governing payday loans, by defining EWA as a distinct service requiring its own licensing. It directly affects EWA providers, who must now comply with Chapter 18's rules instead of broader lending laws. The key provision requires EWA providers to operate under a specific license, separating their services from traditional consumer loans and clarifying regulatory exemptions for these transactions.