Requires providers of earned wage access services, which let workers draw pay they have already earned before payday, to offer a no-cost option, disclose fees and tips, and follow consumer protection rules.

• Requires providers that charge a fee for early wages to also offer the same amount at no cost, with transfer within one business day of that election
• Requires disclosure of fees, withdrawal limits, and tip practices before an agreement and before each disbursement, and bars default tip amounts above $0
• Bars providers from suing, arbitrating, or using debt collectors to collect payment, and requires reimbursement of overdraft fees caused by improper withdrawals
• Places providers under the Consumer Financial Protection Bureau's authority, directs the Bureau to issue rules within 180 days, and states that these services are not treated as credit or loans under federal law

• Financial Services Committee (House)

Finance and Financial Sector