Texas HB2043 regulates earned wage access services, requiring transparency and prohibiting certain practices.

HB2043, known as the Texas Earned Wage Access Services Act, regulates services that provide consumers access to their earned but unpaid income. It mandates that providers offer clear disclosures about fees and rights, and prohibits them from misleading consumers about tips or donations. Providers must also notify consumers of any material changes to their services. The act prohibits certain practices, such as charging late fees or using aggressive collection methods.

Texas HB2043 regulates earned wage access services, requiring transparency and prohibiting certain practices.

HB2043, known as the Texas Earned Wage Access Services Act, regulates services that provide consumers access to their earned but unpaid income. It mandates that providers offer clear disclosures about fees and rights, and prohibits them from misleading consumers about tips or donations. Providers must also notify consumers of any material changes to their services. The act prohibits certain practices, such as charging late fees or using aggressive collection methods.