Express Concerns for HB1125 Earned Wage Access to Your Legislators
HB1125- Establishes within the Indiana Code a new chapter, to be known as the Indiana Earned Wage Access Act (Act), governing the offering and provision of earned wage access services to Indiana consumers.

This bill would allow workers to take out the wages they have already earned in advance of their scheduled pay day. 

However, what concerns us is the lack of guardrails in place. There is no limit on the fees an EWA provider could attach to the advancement of someone's paycheck. These providers also make money by asking for an optional tip from consumers. This would be the first time in Indiana state law that would allow for tipping a financial service provider. 

Additionally, it is estimated that 75% of consumers will be repeat borrowers, meaning they will take another advance within 24 hours of being able to do so. 

 

Please urge your state senator to propose guardrails on this bill.

    Subject
    Message Body
    Remaining: 0
    Post
    Remaining: 0
    Suggested Message
    Post
    Remaining: 0
  • Hide
    • Please call this number:

      Please do not close this window. You will need to come back to this window to enter your code.
      We just sent an email to ... containing a verification code.

      If you do not see the email within the next five minutes, please ensure you entered the correct email address and check your spam/junk mail folder.
      Enter Your Info
      Your Information
      By providing your mobile number, you agree to receive periodic call to action text messages from INDIANACC. Message and data rates may apply. Reply HELP for help. Reply STOP to unsubscribe. Message frequency varies. Privacy Policy  
      *
      *
      Home Information  
      Enter Zip for City and State