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Committee weighs amendments to earned wage access law to ban tips and address 'stacking' and consumer protections
Summary
HB 237 would add consumer protections to Maryland's earned wage access (EWA) statute, including prohibiting solicitation of voluntary 'tips', clarifying truth‑in‑lending and nondiscrimination coverage, and creating anti‑stacking measures; advocates supported the changes while industry urged waiting for OFR licensing outcomes.
Secretary Portia Wu (Maryland Department of Labor) and the Office of Financial Regulation presented House Bill 237 as targeted fixes to last year’s EWA law. They said the prior legislation established a licensing regime but unintentionally exempted certain consumer protections and allowed providers to solicit optional "tips." The proposed revisions would (1) clarify that EWA products fall under existing consumer lending protections such as…
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