Bill > SB481

This bill establishes a comprehensive regulatory framework for earned income access services in Oregon, requiring businesses that provide these services to obtain a license from the Director of the Department of Consumer and Business Services. The bill defines "earned income access services" as payments to residents that are equivalent to unpaid compensation from an employer, with detailed requirements for licensing, business practices, and consumer protections. Specifically, the bill mandates that service providers must obtain a license, submit detailed applications including background checks, maintain specific business practices, disclose fees and rights to residents, and adhere to strict prohibitions against fraudulent or deceptive practices. Licensees must provide at least one no-cost payment option, respond to resident complaints, and are limited to charging no more than $7 per transaction. The Director is granted broad supervisory authority to examine, investigate, and penalize licensees, with potential civil penalties of up to $2,500 per violation. The law will become operative on January 1, 2026, with a 180-day grace period for existing businesses to apply for a license, and aims to protect residents by ensuring transparency, fairness, and accountability in earned income access services.

Business and Industry

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB481