Wages; creating the Oklahoma Earned Wage Access Services Act; requiring the Department of Consumer Credit to administer act; establishing certain duties of earned wage access services providers. Effective date.

SB 1469 creates Oklahoma's Earned Wage Access Services Act, allowing workers to access earned but unpaid wages (like salary or hourly pay already accrued) before their regular payday through licensed providers. It requires providers to obtain a state license ($1,900 total fee), report all transactions to a state database within 24 hours, and follow specific consumer protections. The law directly affects Oklahoma workers (defined as state residents) and providers of these services, with the Department of Consumer Credit overseeing enforcement. Key provisions include defining "earned but unpaid income" to cover both employees and independent contractors, and prohibiting certain provider fees or practices.