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Bill

SB 3000

Relating to consumer protections for earned wage access products.

89th Legislature (2025) Introduced by José Menéndez

SB 3000 would establish consumer protection regulations for earned wage access products, imposing fee limits and disclosure requirements on services allowing workers early access to earned wages.

Referred to Business & Commerce
#consumerprotection(i0080) #financecommissionoftexas(v0133) #financial--general(i0365) #labor--wages(i0485)
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WeVote Research Nonpartisan
Bill Summary · SB 3000

Legislative bill overview

SB 3000 establishes consumer protection standards for earned wage access (EWA) products—services that allow workers to access portions of their earned wages before regular paydays. The bill would regulate fees, terms, and disclosures for these financial products that have grown in popularity as alternatives to traditional payday loans.

Why is this important

Earned wage access products have expanded rapidly as employers and fintech companies offer them to workers facing cash flow challenges, but they currently operate with minimal regulatory oversight. This bill would fill that gap by establishing baseline protections, potentially affecting millions of Texas workers who use these services and the companies providing them.

Potential points of contention

  • Fee regulation vs. market competition: Determining appropriate fee caps balances consumer protection against companies' business models and workers' access to these services
  • Employer involvement: Questions about whether employers should be required, permitted, or prohibited from facilitating EWA products, which could affect workplace relationships
  • Definitions and scope: How broadly "earned wage access" is defined will determine which financial products are regulated and which remain uncontrolled

Compiled from official sources — confirm details with the bill’s official record.

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