Wages; creating the Oklahoma Earned Wages Access Services Act; allowing an earned wage access services provider to provide certain services. Effective date.

SB 781 creates Oklahoma's Earned Wages Access Services Act, regulating providers that allow workers to access earned but unpaid wages (like salary or hourly pay) before their regular payday. It directly affects Oklahoma workers using these services and the companies offering them, requiring providers to clearly disclose all fees, offer at least one no-cost access option, and never tie services to tips or donations. Key provisions mandate transparent consumer disclosures, prohibit charging fees for repayment of "outstanding proceeds," and require providers to cover bank overdraft fees caused by their payment attempts. The law also defines critical terms like "earned but unpaid income" and "consumer-directed wage access services" to ensure clarity.