Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 938 establishes regulations for earned wage access services, which allow employees to access their earned but unpaid wages before payday. The bill defines key terms, outlines consumer protections such as clear disclosure of fees, and prohibits deceptive practices. It requires providers to offer a no-cost option for wage access and imposes penalties for non-compliance. The bill also clarifies that earned wage access services do not constitute lending under state law.
Author (1)
Tan Parker
Contact the Author
Sen. Tan Parker
Capitol Phone:
(512) 463-0112
Capitol Office:
EXT E1.608
E-Mail:
