Maryland SB94 revises regulations on earned wage access, prohibiting certain practices and requiring disclosures.
Maryland SB94 amends the Commercial Law to revise regulations on earned wage access. It prohibits providers from accepting tips, charging late fees, or reporting payment failures to credit agencies. Providers must disclose that tips are voluntary and not contingent on service provision. The bill also mandates that providers inform consumers of their rights, disclose all fees, and allow service cancellation without fees. Earned wage access services are exempt from certain state lending laws, except for specific sections. The changes take effect October 1, 2026.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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