Earned wage access services regulation

SF 3281 regulates "earned wage access services" that allow Minnesota workers to access a portion of their earned but unpaid wages before their regular payday through third-party providers. The bill directly affects Minnesota residents who use these services and the companies providing them (like apps or payroll services), excluding traditional payroll providers and employer-provided early pay. Key provisions require providers to clearly disclose all fees, offer a no-cost access option, explain consumer rights upfront, allow easy cancellation without fees, and ensure tips are truly voluntary - never tied to service access. The law also mandates transparency about repayment terms and compliance with privacy laws. This bill focuses on consumer protections for a growing financial service, not on changing how employers pay wages.