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Commissioner backs earned-wage access bill to ban tip-like fees and false advertising

Economic Matters Committee · April 1, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Tony Salazar, Commissioner of the Office of Financial Regulation, told the Economic Matters Committee SB 294 would regulate earned-wage access products by banning tip-style fees, prohibiting false advertising and discrimination, and aligning the bill with the governor's priorities; he said the measure should have no fiscal impact.

Tony Salazar, commissioner of the Office of Financial Regulation, presented Senate Bill 294 (cross-file HB 237) as state regulation for earned-wage access (EWA) products and asked the committee for a favorable report. "The bill still…

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