BANKING – Adds to existing law to establish the Idaho Earned Wage Access Services Act.

Idaho's S 1119 establishes the "Idaho Earned Wage Access Services Act," creating a licensing system for companies that provide workers access to earned but unpaid wages before payday. The bill directly affects providers (like fintech apps) by requiring them to obtain a license from the Idaho Department of Finance, defining key terms (such as "earned but unpaid income" and "provider"), and setting rules for fees, reporting, and compliance. It exempts banks and credit unions, clarifies that these services are not loans or money transmission, and ensures this law overrides conflicting state laws. The act aims to regulate this growing service industry while protecting consumers through standardized licensing and oversight.