Texas payments and fintech laws

What it would do: Amends Texas Finance Code to require digital asset service providers to create a plan allowing customers to view quarterly accountings of liabilities and held digital assets, and repeals provisions requiring auditor access and new license applicant reporting.

What it would do: Creates a regulatory framework for virtual currency kiosk operators in Texas, requiring registration, quarterly reporting, customer disclosures, identity verification, transaction limits of $3,000 per 24 hours, blockchain analytics use, and compliance officer designation, with administrative penalties up to $5,000 per violation.

What it would do: Requires tax collectors to accept electronic payments (credit card, debit card, or electronic check) for ad valorem taxes and allows collectors to charge a fee up to five percent of the tax amount. Requires county assessor-collectors to display electronic payment information on their websites.

What it would do: Creates Chapter 607A of the Texas Business & Commerce Code establishing duties for reporting and investigating payment card skimmers on electronic terminals, authorizes civil penalties up to $5,000 per day for violations, and creates criminal offenses for refusing inspections or disposing of skimmers.

What it would do: Creates Chapter 398 of the Texas Finance Code to regulate earned wage access services providers, requiring them to provide consumer disclosures, prohibiting certain fees and collection practices, and allowing the commissioner to assess administrative penalties and order restitution for violations.

What it would do: Requires virtual currency kiosk operators in Texas to disclose material risks, transaction terms, and fraud warnings to customers before transactions, provide receipts, offer refunds to new customers defrauded within 72 hours, and impose a $2,000 daily transaction limit for new customers.

What it would do: Creates the offense of fraudulent use or possession of a gift card or gift card redemption information, with penalties ranging from Class C misdemeanor for values under $100 to felony of the first degree for values of $300,000 or more, effective September 1, 2025.

What it would do: Excludes from sales tax the data processing services provided by marketplace providers in relation to processing sales or payments for marketplace sellers, and clarifies that settling electronic payment transactions does not include charges by marketplace providers.

What it would do: Creates Chapter 604B of the Texas Business & Commerce Code prohibiting large credit card issuers and payment card networks from fixing swipe fees, using standardized fee schedules, charging disputed transaction fees without findings of fact, or penalizing merchants offering cash discounts. Authorizes the Texas Attorney General to investigate violations and impose civil fines up to $30 million.

What it would do: The bill text is not available in the provided document. Only a placeholder indicating the version is coming soon and directing to a PDF is shown.

What it would do: Authorizes the Texas Department of Banking to license issuers of oil-backed stablecoins fully backed by oil or oil products, establishes custodial reserve requirements, sub-custodian standards, redemption procedures, and authorizes the Finance Commission to adopt implementing rules and the department to charge licensing and transaction fees.

What it would do: Defines earned wage advances as loans under Texas Finance Code and creates consumer protections requiring providers to assess repayment ability, limiting charges to 10 percent or $10 per 30 days, prohibiting late fees and credit reporting, and requiring reimbursement of overdraft fees within 48 hours.

What it would do: Creates the criminal offense of fraudulent use, possession, or tampering with gift cards or gift card data, with penalties ranging from state jail felony to first degree felony based on the number of items involved, and allows restitution for victim losses.

What it would do: Requires payment card networks to exclude state or local taxes and separately listed gratuities from swipe fee calculations through deduction at settlement or merchant rebate within 180 days. Prohibits circumventing this by increasing fees on non-tax portions and authorizes civil penalties up to $1,000 per violation.

What it would do: Prohibits financial service providers with at least $100 billion in annual transactions from using social credit scores based on religious beliefs, political opinions, or speech to deny or restrict financial services, and requires providers to explain service denials within 14 days upon customer request.

What it would do: Prohibits financial institutions with over $100 billion in assets or transactions from discriminating in providing financial services based on social credit scores evaluating protected speech, religion, political activity, environmental positions, diversity practices, or business with firearms or fossil fuel industries, with enforcement by the Attorney General and private right of action for damages up to $30,000 per willful violation.

What it would do: Requires remittance transfer providers to collect a fee equal to five percent from consumers making transfers to recipients outside the United States, with collected fees deposited into a border security enhancement fund for border security personnel, enforcement operations, and border infrastructure.

What it would do: Imposes a 25 percent tax on money transmissions from Texas to foreign countries facilitated by money transmission licensees, with licensees required to collect and remit the tax monthly to the comptroller and maintain records, effective September 1, 2025.

What it would do: Expands the financial crimes intelligence center's authority to address motor fuel theft and motor fuel manipulation devices in addition to card fraud and skimmers, and allows the center to provide assistance to law enforcement agencies on matters within its expertise.

What it would do: Authorizes tax collectors to accept electronic payments including credit cards, debit cards, electronic checks, and electronic funds transfers for ad valorem taxes, and allows collectors to charge a fee up to five percent of the tax amount for processing electronic payments.

What it would do: Prohibits employers from collecting any portion of gratuities paid to tipped employees and requires payment of credit or debit card gratuities by the first payday after authorization. Establishes this violation as a third-degree felony with each violation counted separately.

What it would do: Requires digital asset service providers to file annual reports with the department by the 90th day after fiscal year end, including attestations of customer liabilities, evidence of held assets, and an examination or agreed-upon procedures attestation report from an independent certified public accounting firm verifying custody assets suffice to meet customer liabilities in like kind.

What it would do: Authorizes holders of retail installment contracts for motor vehicles to charge a convenience fee for electronic payments, capped at the lesser of $10 or five percent of the payment amount, provided the buyer is informed of the fee and offered alternative payment methods without fees.

What it would do: Adds Chapter 121 to Texas Business & Commerce Code defining online global marketplaces and prohibiting counties and municipalities from regulating their operation or requiring user personally identifiable information without an administrative subpoena or court order.

What it would do: Allows taxpayers to deduct 0.5% of non-credit card sales taxes and 2.5% of credit card sales taxes as collection reimbursement, and prohibits prepayment discounts on credit card sales taxes while allowing 1.25% additional deduction for timely prepayments of other taxes.