Relating to the regulation of earned wage access services; providing an administrative penalty.

SB 938 creates new regulations for "earned wage access services," which allow workers to access a portion of their earned but unpaid wages before their regular pay date. The bill directly affects providers of these services (like apps or third-party platforms) and workers who use them, defining key terms like "earned but unpaid income" and excluding payroll services and employers themselves from the regulated category. Key provisions establish administrative penalties for providers who violate the rules, require restitution payments to affected workers for violations, and add Chapter 398 to the Finance Code as the Texas Earned Wage Access Services Act. The law aims to set clear standards for these services while giving regulators enforcement tools.