AR HB1517

Establishes the "Earned Wage Access Services Act" in Arkansas Code Title 23, Chapter 52, regulating companies that provide workers early access to earned but unpaid wages

Providers must offer at least one no-cost option for consumers to receive proceeds and clearly disclose all fees; tips, gratuities, and donations must be explicitly identified as voluntary

Prohibits providers from charging late fees, interest, or penalties for failure to repay; bars lawsuits, third-party debt collection, or selling outstanding amounts to debt collectors

Providers cannot require credit reports or scores for eligibility, cannot accept credit card payments for outstanding amounts, and must reimburse consumers for overdraft fees caused by provider errors

Exempts banks, savings and loans, and credit unions organized under state or federal law from the Act's requirements; approved March 20, 2025 as Act 347