Arkansas has become the seventh state in recent years to regulate earned wage access services, under a bill that will go into effect 90 days after the state legislature adjourns.
Earned wage access services enable employees to receive a portion of their earned but unpaid income prior to their regularly scheduled payday, said House Rep. David Ray (R), the sponsor of HB 1517, on March 5. Providers of earned wage access services can offer their services to both employers and employees.
The United States has roughly 30 companies that provide earned wage access services, Ray added.
Unlike similar laws ...
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