OR HB2131

Requires persons providing earned income access services (early wage access/daily pay services) in Oregon to obtain a license from the Director of the Department of Consumer and Business Services, with applications processed through the Nationwide Multistate Licensing System

Caps fees at $7 per transaction and prohibits charging late fees, interest, or penalties; requires providers to offer at least one no-cost option for workers to access their earned wages

Prohibits providers from requiring credit reports, reporting to credit agencies or debt collectors, accepting credit card payments, or suing workers to collect fees or repayments

Requires licensees to reimburse workers for overdraft fees caused by provider timing errors, respond to complaints within 30 days, and submit annual reports on transaction volumes and revenues by February 15

Violations carry civil penalties up to $2,500 per instance ($10,000 maximum for continuous violations); becomes operative January 1, 2026, with 180-day grace period for existing providers who apply for licensure