The proposed "Florida Earned Wage Access Services Act" aims to regulate providers of earned wage access services in Florida by introducing new sections to the Florida Statutes. Key provisions include definitions of terms, registration requirements for providers with the Financial Services Commission, and compliance obligations. Registered providers must display their registration certificate, renew it biennially, and adhere to operational standards that include consumer protection measures. The bill also specifies conditions under which the commission can deny, refuse to renew, or revoke a provider's registration.

Additionally, the bill establishes requirements and prohibitions for registered providers, such as creating consumer complaint procedures, offering no-cost options for accessing earned wages, and ensuring transparency regarding fees. It prohibits providers from sharing fees with employers, requiring credit reports for eligibility, and imposing late fees for non-payment. The legislation clarifies that earned wage access services are not classified as loans or credit, and it outlines administrative penalties for violations, allowing the Financial Services Commission to impose fines or revoke licenses. The act is set to take effect on January 1, 2026, with certain provisions becoming effective immediately upon passage.