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Wages Compliance Financial Services Industry

Venable LLP

California DFPI's New Requirements for Debt Settlement, Education Finance, and Wage Access Providers

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The California Department of Financial Protection and Innovation (DFPI) has implemented new registration requirements under the California Consumer Financial Protection Law (CCFPL), effective February 2025. ...more

Alston & Bird

Consumer Finance State Roundup - May 2024

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The latest edition of the Consumer Finance State Roundup features recently enacted measures of potential interest from Colorado and South Carolina: Colorado: Effective May 17, House Bill 24-1011 (2024 Colo. Sess. Laws 189)...more

Goodwin

South Carolina Becomes Fifth State to Enact Law Regulating Earned Wage Access Services

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South Carolina has become the fifth state (and the third in 2024) to enact a law that establishes a financial services oversight regime for earned wage access services, also known as on-demand pay services, which allow...more

Goodwin

Wisconsin Becomes Third State to Enact Law Regulating Earned Wage Access Services

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Following Nevada and Missouri in 2023, Wisconsin has become the third state (and the first in 2024) to enact a law that establishes a financial services oversight regime for earned wage access services, also known as...more

Goodwin

Missouri Becomes Second State To Enact Law Regulating Earned Wage Access Services

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Following closely behind Nevada, Missouri has become the second state to enact a law that establishes a financial services oversight regime for earned wage access services (also known as on-demand pay services), which allow...more

Goodwin

Nevada Enacts First-Of-Its-Kind Licensing Law For Earned Wage Access Services

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Nevada has become the first state to enact a law that establishes a financial services licensing regime for earned wage access services (aka on-demand pay services), which allow workers to access earned but unpaid income...more

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