DailyPay Acknowledges Key Regulatory Achievement as Indiana Signs into Law Legislation Regarding EWA, On-Demand Pay
/DailyPay, a worktech company and a leading provider of On-Demand Pay (also known as earned wage access), marks another regulatory achievement as Indiana becomes the latest state to sign into law legislation regarding the product.
Indiana’s HEA 1125 codifies the industry’s best practices “into law, including recognizing that On-Demand Pay is a financial product, and mandating appropriate consumer protections.”
Indiana now joins multiple states across the country, including California, Nevada, Utah, Arkansas, Missouri, Kansas, and South Carolina, which have also taken affirmative steps to “ensure appropriate regulation is in place for the product.”