Regulatory Alerts2026-08-17
Added
Kansas Earned Wage Access Services Act
The Kansas Earned Wage Access Services Act establishes a regulatory framework for providers of earned wage access services, requiring registration with the state bank commissioner and the filing of a $100,000 surety bond. The statute defines earned wage access services as neither a loan nor money transmission, thereby exempting providers from the Uniform Consumer Credit Code and usury laws, while prohibiting practices such as civil suits for repayment, credit checks, and reporting to credit bureaus. Registrants must offer proceeds on a non-recourse basis, disclose all fees and non-mandatory payment options, and comply with specific consumer protection requirements regarding cancellation, privacy, and overdraft reimbursement.