Committee recommends 'ought not to pass' for earned-wage-access bill while stakeholders finalize MOUs
January 28, 2026 | 2026 Legislature ME, Maine
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Representatives of earned-wage-access providers, industry counsel and the Bureau of Consumer Credit Protection told the committee they are continuing technical discussions and have entered memoranda of understanding with the superintendent in several cases. Linda Conte said MOUs provide operational transparency and specified reporting — for example, transaction counts and gross revenue — that the bureau uses to estimate comparable APRs.
Committee members concluded that more stakeholder work would be productive and voted 'ought not to pass' on LD 1915, encouraging the parties to finalize MOUs and report findings in the next session. The roll call recorded 10 members in favor and 0 opposed.
Committee members concluded that more stakeholder work would be productive and voted 'ought not to pass' on LD 1915, encouraging the parties to finalize MOUs and report findings in the next session. The roll call recorded 10 members in favor and 0 opposed.
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