MO HB2423

Creates a new "Consumer Licensing Fund" in the state treasury to receive licensing fees from various financial services entities regulated by the Division of Finance, including earned wage access providers, financing institutions, premium finance companies, sales finance companies, consumer credit lenders, title loan companies, credit services organizations, small loan lenders, and consumer legal funding companies

Increases licensing fees across multiple financial service categories from flat rates (typically $600-$1,000 annually) to a tiered structure with fees up to $5,000 for primary licenses and up to $1,000 per additional location, with reduced fees for smaller operators with 100 or fewer active accounts

Converts earned wage access services providers from a registration system to a formal licensing system, changing the annual $1,000 registration fee to the new tiered licensing fee structure

Caps state bank examiner compensation at no more than 90% of corresponding federal bank examiner positions for similar geographic locations in Missouri

Repeals sections 367.120 and 367.130 relating to consumer credit loan registration applications and bonding requirements