SB281 Alabama 2025 Session

Summary

Primary Sponsor

Shay Shelnutt Senator

Republican

Session

2025 Regular Session

Title

Consumer Protection; platforms providing services allowing employees to access earned income prior to paycheck not considered a lender or debt collector; standards on platforms imposed

Description

Certain technologies and platforms have been developed that allow participating employees to access their earned but unpaid income from their employer using the services of the platform.

This bill would declare that the platforms that provide these payroll services, defined as providers of earned wage access services, are not deemed to be engaging in lending, money transmission, or debt collection if the providers meet certain consumer protection standards.

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Subjects

Businesses & Financial Institutions