summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Prohibiting a lender from accepting a tip from a consumer or giving a consumer the option to provide a tip; altering the timeline for certain refunds; subjecting certain earned wage access providers and loan lenders to certain consumer loan requirements; etc.
AI Summary
This bill, titled "Commercial Law - Earned Wage Access - Revisions," fundamentally alters the regulations surrounding earned wage access (EWA) services, which allow individuals to access a portion of their earned wages before their scheduled payday. The key provisions prohibit EWA providers and lenders from accepting or soliciting tips from consumers, making it clear that tips cannot influence loan decisions or terms, and requiring any tips received to be returned within seven days to avoid violating interest rate laws. Furthermore, the bill mandates that EWA providers must offer at least one no-cost option for accessing earned wages, clearly explain all fees, allow consumers to cancel services without penalty, and disclose that tips are voluntary and do not affect the availability or terms of EWA. The bill also clarifies that EWA services are not considered money transmission or a violation of laws regarding payroll deductions or wage assignments, and it sets an effective date of October 1, 2026.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Economic Matters (House)
Last Action
Hearing 2/03 at 1:30 p.m. (on 02/03/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0237?ys=2026RS |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/hb/hb0237f.pdf |
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