OH HB152

Requires earned wage access providers to obtain a certificate of registration from the Division of Financial Institutions, with a $300 annual registration fee and $200 investigation fee, and maintain a net worth of at least $50,000

Mandates providers offer at least one no-cost option for consumers to receive proceeds, fully disclose all fees before entering agreements, and clearly state that tips, gratuities, or donations are voluntary and cannot affect service eligibility

Prohibits providers from charging late fees, interest, or penalties for non-payment; reporting consumers to credit agencies or debt collectors; using credit scores to determine eligibility; or accepting repayment via credit card

Requires providers to reimburse consumers for any overdraft or NSF fees caused by the provider attempting to collect payment on incorrect dates or amounts

Classifies earned wage access services as distinct from loans, credit, or money transmission, exempting compliant providers from existing consumer lending regulations under Chapters 1315, 1319, and 1321 of the Revised Code