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H.R. 7428 118th Congress House

Earned Wage Access Consumer Protection Act

Official title: To regulate the business of offering and providing earned wage access services to consumers, and for other purposes.

Introduced: April 16, 2024 Introduced by: Bryan Steil Republican · Wisconsin See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalConsumer affairsFraud offenses and financial crimesUser charges and feesWages and earnings
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 3, 2024
Placed on the Union Calendar, Calendar No. 650.
Dec 3, 2024
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-787.
Apr 17, 2024
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Apr 17, 2024
Committee Consideration and Mark-up Session Held
Feb 20, 2024
Introduced in House
Feb 20, 2024
Referred to the House Committee on Financial Services.
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 Latest action December 3, 2024

Placed on the Union Calendar, Calendar No. 650.

 Plain-English summary Congressional Research Service

Earned Wage Access Consumer Protection Act

This bill addresses the regulation of earned wage access products. Earned wage access products provide consumers with access to their earned wages before their scheduled pay day.

The bill specifies that earned wage access products are not consumer credit products for purposes of regulation under the Truth in Lending Act (TILA). TILA requires consumer credit products to disclose borrowing costs, finance charges, and the total cost of the loan.

The bill requires providers to inform consumers of their rights under an agreement for an earned wage access product and to disclose all associated fees before the consumer enters into an agreement. Providers must also inform consumers of any material changes to the terms or conditions before implementing those changes.

Under the bill, providers of earned wage access products

  • must establish a policy for responding to customer disputes;
  • are prohibited from bringing civil suits or from pursuing collection to compel repayment, except in cases of fraud; and
  • must reimburse the consumer for overdraft fees or penalties imposed on a consumer by their depository institution if incurred because the provider withdrew an incorrect amount or withdrew on an incorrect date.

Providers are prohibited from sharing proceeds, fees, or gratuities with the consumer’s employer. The bill also limits the form of payment providers may accept from consumers and limits certain additional fees for failure to pay.

If a provider solicits, charges, or receives a tip, gratuity, or other donation from a consumer, the provider must disclose the voluntary nature of such tip, gratuity, or donation. 

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 18

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • HUDSON COOK, LLP
    for INFIN, A FINANCIAL SERVICES ALLIANCE (F/K/A FINANCIAL SERVICE CENTERS AMERICA) · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
  • DAILYPAY, LLC
    for DAILYPAY, LLC · New York · 2nd Quarter 2026 (Apr 1 - June 30)
  • HUDSON COOK, LLP
    for INFIN, A FINANCIAL SERVICES ALLIANCE (F/K/A FINANCIAL SERVICE CENTERS AMERICA) · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
  • DAILYPAY, LLC
    for DAILYPAY, LLC · New York · 1st Quarter 2026 (Jan 1 - Mar 31)
  • HUDSON COOK, LLP
    for INFIN, A FINANCIAL SERVICES ALLIANCE (F/K/A FINANCIAL SERVICE CENTERS AMERICA) · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)
  • AMERICAN FINTECH COUNCIL
    for AMERICAN FINTECH COUNCIL · District of Columbia · 1st Quarter 2025 (Jan 1 - Mar 31)

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 18 filings →
 Cosponsors 6
All 6 Republican 5
R
Sessions, Pete
Texas · Apr 16, 2024
Luetkemeyer, Blaine
· Mar 5, 2024
 R
Barr, Andy
Kentucky · Feb 29, 2024
 R
Meuser, Daniel
Pennsylvania · Feb 29, 2024
 R
Donalds, Byron
Florida · Feb 28, 2024
 R
Hill, J. French
Arkansas · Feb 20, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7428: Earned Wage Access Consumer Protection Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-7428/
MLA
"H.R. 7428: Earned Wage Access Consumer Protection Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-7428/.
Bluebook (legal)
H.R. 7428, 118th Cong. (2026), https://openamerica.io/bill/118-HR-7428/.
Markdown link
[H.R. 7428: Earned Wage Access Consumer Protection Act](https://openamerica.io/bill/118-HR-7428/)
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