H.R. 9330 · On the floor · Finance and Financial Sector

Earned Wage Access Consumer Protection Act

What it does

Classify earned wage access products as exempt from Truth in Lending Act (TILA) regulations that govern consumer credit disclosures and finance charges.
Require providers to offer a no-cost option for accessing earned wages if they offer any fee-based option and prohibit civil suits or collection actions except for fraud.
Mandate disclosure of all fees before consumers enter agreements and require providers to reimburse consumer overdraft fees caused by provider errors.
Prohibit providers from sharing fees or tips with employers and ban default tips or tips as a condition of using the service.

Official summary

Earned Wage Access Consumer Protection Act This bill addresses the regulation of earned wage access products. Earned wage access products provide consumers with access to their earned wages before their scheduled pay day. The bill specifies that earned wage access products are not subject to regulation under the Truth in Lending Act (TILA). TILA requires consumer credit products to disclose borrowing costs, finance charges, and the total cost of the loan. Under the bill, providers of earned wage access products must provide an alternative no-cost option for receiving earned wages if the provider offers an option to receive earned wages for a fee; are prohibited from bringing civil suits or from pursuing collection to compel repayment, except in cases of fraud; and must reimburse the consumer for overdraft fees or penalties imposed on a consumer by their depository institution if incurred because of an error by the provider. Providers must inform consumers of their rights under an agreement for an earned wage access product and disclose all associated fees before the consumer enters into an agreement. Providers must also inform consumers how to obtain earned wages without paying a…

Latest action

Sep 1, 2026: Placed on the Union Calendar, Calendar No. 690.

Committee: House Financial Services