Menu
Wisconsin’s Earned Wage Access Legislation Signed
March 21, 2024
Today in Madison, Wisconsin Governor Tony Evers signed into law legislation that creates a new license for earned wage access (EWA) providers in the state. The bill received broad bipartisan support in the Assembly and Senate, and was signed into law today by the Democrat governor.
The bill follows Nevada and Missouri as a growing number of states look to enact bills to create unique licensing systems for EWA providers. Arizona and Montana have also released Attorney General opinions reaffirming EWA is not a loan.
The bill creates a new license for EWA providers, which will streamline the onboarding process for Wisconsin employers to readily identify which providers are licensed in the state.
The bill also encodes a number of best practices in the EWA industry to ensure there is never any recourse of any kind; there are no credit impacts or credit worthiness check to participate; no late fees, interest, or penalties; and clear disclosures around any fees will be provided. Providers must also offer a no cost option for consumers – Payactiv already offers five free disbursement options.
This bill recognizes the unique, innovative product of EWA and encodes existing best practices that make EWA a pro-worker, consumer-friendly product.
Providers will be required to apply for licensure by July, and Payactiv expects to become a licensed provider in Wisconsin soon after.
Get Payactiv for your business
Learn how thousands of companies have improved their retention, recruitment, and engagement by offering Payactiv.
Request a Demo 
© 2024 Payactiv, Inc. All Rights Reserved
24 hour support: 1 (877) 937-6966 | [email protected]
* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 1-877-747-5862, 24 hours a day, 7 days a week.
** Central Bank of Kansas City is the issuer of the Payactiv Visa Prepaid Card only and does not administer, endorse, nor is liable for the Payactiv App.
1 Standard rates for data and messaging may apply from your wireless provider.
Google Play and the Google Play logo are trademarks of Google LLC.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.