Mississippi Earned Wage Access Services Act; create.

HB 1307 creates a legal framework for third-party earned wage access (EWA) services, which allow workers to access part of their earned but unpaid wages early through apps or platforms. It clarifies that providers operating under these rules cannot be classified as lenders, money transmitters, or debt collectors, provided they meet specific requirements. Key provisions include fully disclosing all fees to users, offering a no-cost option for accessing funds, allowing users to cancel services anytime without fees, and reimbursing consumers for bank fees caused by provider payment attempts. The law directly affects workers using EWA services and the companies providing them, ensuring transparent practices while exempting employers and payroll services from these rules.