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Bill

Bill

A 1735

Creates certain requirements for certain earned income access services and related provider contracts.

2026-2027 Regular Session Introduced by Verlina Reynolds-Jackson

New Jersey bill regulates earned income access services and sets employer-provider contract standards to protect workers accessing wages before payday.

Introduced, Referred to Assembly Financial Institutions and Insurance Committee
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Bill Summary · A 1735

Legislative bill overview

Bill A 1735 establishes regulatory requirements for "earned income access services" (EIAs)—financial products that allow workers to access portions of their earned wages before payday—and sets standards for contracts between these service providers and employers. The bill aims to protect workers by imposing disclosure, fee, and contractual requirements on EIA providers operating in New Jersey.

Why is this important

Earned income access services have grown significantly as an alternative to payday loans, but operate in a largely unregulated space. Workers using these services may face unclear fees, aggressive marketing, or exploitative terms. Establishing guardrails protects vulnerable workers while also clarifying the legal landscape for legitimate financial service providers.

Potential points of contention

  • Definition ambiguity: The bill's specific requirements depend on how "earned income access services" is ultimately defined—overly broad definitions could capture mainstream payroll systems, while narrow ones might miss predatory products
  • Fee restrictions debate: Disagreement likely exists over what constitutes a "reasonable" fee, with worker advocates pushing for caps while fintech companies argue caps limit service availability
  • Employer liability: Determining whether employers share responsibility for provider practices could create friction between worker protection goals and employer burden concerns

Compiled from official sources — confirm details with the bill’s official record.

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