HB 1425

Commercial Law - Earned Wage Access Services

Sponsor: David Fraser-Hidalgo (District 15)Committee: Economic MattersSubject: Commercial Law - GenerallyStatus: Hearing 3/05 at 1:00 p.m. (as of Nov 13, 2024)

What this bill does

Official synopsis

Requiring a certain provider of earned wage access services to register with the Commissioner of Financial Regulation; requiring a provider to file a certain surety bond or an irrevocable letter of credit with the Commissioner in a certain manner; regulating providers and earned wage access services; authorizing a certain consumer to submit a written complaint to the Commissioner under certain circumstances; providing the Commissioner with certain investigatory and enforcement authority; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (25)

MGA witness list

FAV 12FavorableFWA 1Favorable with amendmentsUNF 12Unfavorable

Position	Witness	Organization	Testimony
FAV	Xiong-Calmes, Alain	Chamber of Progress	Oral + Written (PDF)
FAV	Flores, Claudialobbyist	DailyPay, Inc.	Oral + Written (PDF)
FAV	Hicks, Elyse	DailyPay, Inc.	Oral
FAV	LaRocco, Ben	EarnIn	Oral + Written (PDF)
FAV	Manno, Rogerlobbyist	Manno & Associates LLC	Oral
FAV	Jones, Molly	Payactiv	Oral + Written (PDF)
FAV	Jacobsohn, Alice	PayrollOrg	Oral
FAV	Lefton, Kevin	Wagestream	Written (PDF)
FAV	Boston, Frank	Individual	Oral
FAV	Cronin, Phil	Individual	Oral + Written (PDF)
FAV	Delegate Fraser-Hidalgo, Delegate Fraser-Hidalgolegislator	Individual	Oral
FAV	Fraser-Hidalgo, David	Individual	Written (PDF)
UNF	jones, ricarra	1199seiu	Position only
UNF	Bresnahan, Tammy	AARP Maryland	Oral + Written (PDF)
UNF	Moore, Tonaeyalobbyist	CASH CAMPAIGN OF MARYLAND	Written (PDF)
UNF	Barkley- Denney, Whitney	CRL	Oral + Written (PDF)
UNF	White, Marcelinelobbyist	Economic Action Maryland	Oral + Written (PDF)
UNF	Meeks, Wilson	Maryland Attorney General's Office, Consumer Protection Division	Oral + Written (PDF)
UNF	Wu, Secretary Portia	Maryland Department of Labor	Oral
UNF	Edwards, Donna	Maryland State & DC AFL-CIO	Written (PDF)
UNF	Saunders, Lauren	National Consumer Law Center	Oral + Written (PDF)
UNF	Salazar, Antonio	Office of the Commissioner of Financial Regulation	Oral
UNF	Hennen, Amy	Office of the Commissioner of Financial Regulation, Department of Labor	Oral + Written (PDF)
UNF	Rodwin, Davidlobbyist	Public Justice Center	Written (PDF)
FWA	isberg, pete	ADP	Oral

Organizations on record

1199seiuUNF 1

AARP MarylandUNF 1

ADPFWA 1

CASH CAMPAIGN OF MARYLANDUNF 1

Chamber of ProgressFAV 1

CRLUNF 1

DailyPay, Inc.FAV 2

EarnInFAV 1

Economic Action MarylandUNF 1

Manno & Associates LLCFAV 1

Maryland Attorney General's Office, Consumer Protection DivisionUNF 1

Maryland Department of LaborUNF 1

Maryland State & DC AFL-CIOUNF 1

National Consumer Law CenterUNF 1

Office of the Commissioner of Financial RegulationUNF 1

Office of the Commissioner of Financial Regulation, Department of LaborUNF 1

PayactivFAV 1

PayrollOrgFAV 1

Public Justice CenterUNF 1

WagestreamFAV 1

Registered lobbyists who testified

FAVFlores, ClaudiaDailyPay, Inc.Registered for: DailyPay

FAVManno, RogerManno & Associates LLCRegistered for: CAUSE; Constellation; Fraternal Order of Police Lodge 35; Mechanical Contractors Association of Metro Washington; Mid-Atlantic Pipe Trades Association; Payactiv…

UNFMoore, TonaeyaCASH CAMPAIGN OF MARYLANDRegistered for: CASH Campaign of Maryland

UNFWhite, MarcelineEconomic Action MarylandRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland; Maryland Consumer Rights Coalition

UNFRodwin, DavidPublic Justice CenterRegistered for: Care in Action