Relates to the regulation and licensing of on-demand pay providers

This bill establishes new regulations for on-demand pay providers in New York, which allow workers to access earned wages before their regular payday. It specifically distinguishes between "employer-integrated" providers (those working directly with employers) and "non-verified" providers (those not tied to employers). Employer-integrated providers must register with the superintendent, disclose fees clearly, and follow strict rules about user rights and data privacy, but are not treated as lenders. Non-verified providers, however, are regulated as lenders under loan laws and cannot charge more than 10% annual interest on advances. The law applies directly to workers who use these services and the companies offering them in New York.