RELATING TO EARNED WAGE ACCESS.
Summary
Amends the law governing interest and usury by defining "debt" to include any amount that a consumer agrees to pay under certain conditions; requiring "annual percentage rates" to be calculated pursuant to the Truth in Lending Act and requiring certain charges, amounts, and fees to be deemed as "finance charges" in its calculation; clarifying the types of expected sources of funds to be included in the term "credit"; and repealing the stand-alone definition of "finance charge".
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 19, 2024
Last action Feb 14, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
1
Committee
2
Feb 7, 2024
Upper · Passed
The committee(s) on CPN has scheduled a public hearing on 02-14-24 9:30AM; Conference Room 229 & Videoconference.
upper
Jan 24, 2024
Committee
Referred to CPN, WAM.
upper
Jan 19, 2024
Introduced
Introduced.
upper
2 primary · 0 co-sponsors
Sponsors
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