Utah and Arkansas have enacted new legislation governing earned wage access (EWA) services, establishing state-level registration obligations and consumer protection standards. Both laws clarify that EWA services are not loans under state law if certain conditions are met, including limitations on fees, debt collection, and credit reporting.
Utah’s Earned Wage Access Services Act, enacted on March 25, defines covered EWA services, sets eligibility conditions for regulatory exemptions, and imposes compliance obligations to ensure consumer protection. Key provisions of the Utah law include:
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- Annual registration required. EWA providers must register with the Utah Department of Financial Institutions before offering services in the state. Registration…