| Measure Title: |
RELATING TO EARNED WAGE ACCESS.
|
| Report Title: |
Earned Wage Access; Interest and Usury Law; Employer; Employee Definition; Truth in Lending Act; Annual Percentage Rate; Credit; Debt; Finance Charge
|
| Description: |
Amends the law governing interest and usury by defining "debt" to include any amount that a consumer agrees to pay under certain conditions; requiring "annual percentage rates" to be calculated pursuant to the Truth in Lending Act and requiring certain charges, amounts, and fees to be deemed as "finance charges" in its calculation; clarifying the types of expected sources of funds to be included in the term "credit"; and repealing the stand-alone definition of "finance charge".
|
| Companion: |
|
| Package: |
None
|
| Current Referral: |
CPN, WAM
|
| Introducer(s): |
LEE, MCKELVEY
|
| Act: |
|
| Sort by Date | | Status Text |
| 2/14/2024 | S | The committee on CPN deferred the measure. |
| 2/7/2024 | S | The committee(s) on CPN has scheduled a public hearing on 02-14-24 9:30AM; Conference Room 229 & Videoconference. |
| 1/24/2024 | S | Referred to CPN, WAM. |
| 1/22/2024 | S | Passed First Reading. |
| 1/19/2024 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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SB2664