6.4.2025

LA: AFC Letter to Governor of Louisiana, Jeffrey Landry, Urging to Sign HB 368

The Honorable Jeffrey Landry
Governor of Louisiana
Office of the Governor
PO Box 94004
Baton Rouge, LA 70804-9004

Dear Governor Landry:

We are writing on behalf of Earned Wage Access (EWA) providers asking that you to sign House Bill 368 (HB 368), the Earned Wage Access Services Act, when it arrives on your desk.

EWA is an innovative fintech product that allows users to access the wages they have already earned in a pay period ahead of their employers’ scheduled payday. As a new and distinct financial product, EWA is presently unregulated in the state of Louisiana. HB 368 codifies clear standards on what constitutes a responsible EWA service in line with industry best practices. These standards include:

● A voluntary no-cost option is made available for all users;

● Fee disclosures are represented to users in a clear and transparent manner;

● No credit checks are required to access the service; and

● Users can cancel their EWA service at any time, without being subject to a cancellation fee” tied to the

service itself.

The provisions of HB 368 reflect these standards. HB 368 is an important law governing EWA by establishing distinct regulations appropriate to the product’s unique characteristics. The bill also passed both the House and Senate with unanimously, demonstrating a broad base of support for this law across the Bayou State. On behalf of the fintech industry and responsible EWA providers, we kindly ask that you sign HB 368 when it reaches your desk.

Sincerely,

American Fintech Council
Ashley Urisman
Director of State Government Affairs

Brigit
Tara Rider
Vice President, Policy and Government Relations

Cleo
Colin Jones
General Counsel

Cross River Bank
Joe Horvath
AVP, Government Affairs

DailyPay
Ryan Naples
Vice President of Public Policy

EarnIn
Ben LaRocco
Senior Director, Government Relations

Immediate
Michael Orme
President

MoneyLion
RaShawn Mitchell
Head of Government Affairs

Payactiv
Molly Jones
Head of Public Policy

Rain Technologies Inc.
Thomsas E. Scanlon
General Counsel & Chief Compliance Officer

Wagestream
Kevin Lefton
General Counsel

ZayZoon
Garth McAdam
General Counsel

About the American Fintech Council: The mission of the American Fintech Council is to promote an innovative, responsible, inclusive, customer-centric financial system. You can learn more at www.fintechcouncil.org.