§3591.6. Fee reporting; consumer protection

            A. Notwithstanding any other provision of this Chapter, a provider that charges a fee for the provision of earned wage access services, including transaction fees, membership fees, or any other form of compensation, shall submit an annual report to the Office of Financial Institutions. The report shall pertain to the preceding calendar year and shall be submitted no later than March first of the following year. All reports shall include the following information:

            (1) Gross revenue attributable to its earned wage access services.

            (2) The total number of transactions in which the provider provided proceeds to consumers.

            (3) The total number of unique consumers to whom the provider provided proceeds.

            (4) The total dollar amount of proceeds the provider provided to consumers.

            (5) The total dollar amount of fees, voluntary tips, gratuities, or other donations the provider received from consumers.

            (6) The number and nature of consumer complaints received by the provider and the resolution status of each complaint.

            B. The Office of Financial Institutions shall make this data available to the public in aggregated form in an annual report assessing the impact of earned wage access services in the state by July first of each year.

            C. Submission by providers of the annual report in Subsection A of this Section shall not be deemed an action or transaction subject to the jurisdiction of the Office of Financial Institutions.

            Acts 2025, No. 496, §1.