Texas SB938 regulates earned wage access services, setting rules for providers and consumer protections.
Texas SB938, the Texas Earned Wage Access Services Act, regulates the business of earned wage access services. It mandates that providers must clearly disclose fees and the voluntary nature of tips or donations. Contracts must be in easily understandable language and include consumer rights. Providers are prohibited from certain collection practices and must comply with privacy laws. The act also allows for administrative penalties for violations and takes effect September 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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