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New Regulations Earned Wage Access Financial Institutions

Troutman Pepper Locke

Registration Information Released for California DFPI’s Earned Wage Access Regulations

Troutman Pepper Locke on

Last month, we discussed the California Department of Financial Protection and Innovation’s (DFPI) newly approved regulations for direct-to-consumer earned wage access (EWA) products. These regulations, approved by the Office...more

Troutman Pepper Locke

California DFPI’s Earned Wage Access Regulations Approved by OAL

Troutman Pepper Locke on

On October 11, the Office of Administrative Law (OAL) approved the California Department of Financial Protection and Innovation’s (DFPI) proposed regulations on direct-to-consumer (i.e., non-employer offered) earned wage...more

Ballard Spahr LLP

South Carolina Enacts Earned Wage Access Legislation Requiring Registration, Exempting the Product from Lending Laws

Ballard Spahr LLP on

On May 21, 2024, South Carolina Governor Henry McMaster signed into law the Earned Wage Access Services Act (the “Act”), which will require earned wage access (“EWA”) providers to register annually with the state’s Department...more

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