ID S1119

Creates a licensing framework for earned wage access providers in Idaho, requiring a $350 application fee and $150 annual renewal fee, with oversight by the Idaho Department of Finance

Defines earned wage access services as allowing consumers to access earned but unpaid income before their normal payday, distinguishing between consumer-directed and employer-integrated models

Exempts banks, credit unions, and similar financial institutions from licensing requirements, and explicitly states that earned wage access services are not considered loans, credit, debt, or money transmission

Requires providers to offer at least one no-cost option for receiving proceeds, prohibits late fees or interest charges on unpaid amounts, and bars providers from suing consumers or using debt collectors for repayment

Establishes consumer protections including mandatory disclosure of all fees, reimbursement for overdraft fees caused by provider errors, prohibition on credit score requirements, and the right to cancel services without penalty