HB 25-1020

House Bill 25-1020, also known as the Earned-Wage Access Service Provider bill, requires companies that provide workers with early access to their earned but unpaid wages to obtain a license starting January 1, 2026. This affects businesses and employees who use such services to get advanced payments on their earnings before payday. The bill has been signed into law, meaning it will go into effect as scheduled unless there are further legislative actions or legal challenges.

Official Summary

The bill prohibits an entity from providing earned-wage access services without a license on and after January 1, 2026. Earned-wage access services are services that: Deliver consumer access to earned but unpaid income; and Provide consumer access to earned but unpaid income that is based on employment, income, or attendance data obtained directly or indirectly from an employer or an employer's payroll service provider.(Note: This summary applies to this bill as introduced.)