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Wages Registration Requirement 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

Goodwin

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

Goodwin on

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

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

Goodwin on

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

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