Relating to consumer protections for earned wage access products.

SB 3000 creates new consumer protections for "earned wage access" products in Texas, which allow workers to receive early access to earned but unpaid wages. It directly affects Texas workers who use these services and the providers (like payroll apps) offering them. Key provisions require providers to assess a consumer’s repayment ability before issuing an advance, cap fees at 10% of the advance amount or $10 per 30 days, ban multiple advances on the same day, and reimburse overdraft fees if providers collect payments before paychecks clear. These rules aim to prevent predatory fees and financial harm from early wage access services.