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Committee recommends State Bank Commissioner's budget, including new oversight staff for earned-wage-access services
Summary
The committee advanced the Office of the State Bank Commissioner’s FY2026–FY2027 budgets, including an enhancement request that funds two additional examiners to oversee earned wage access providers after the legislature authorized regulation of those services. The budgets are fee-funded, not SGF-supported.
The committee recommended the Office of the State Bank Commissioner’s FY2026 and FY2027 budgets after an agency briefing that emphasized fee-funded oversight needs tied to earned wage access (EWA) services.
Arianna Waddell said the OSBC’s FY2026 revised estimate is about $14.1 million, nearly all supported by the Bank Commissioner Fee Fund. She noted there is no State General Fund support for the agency. The FY2027 enhancement package includes roughly $432,000…
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