Senate Bill 1028 aims to regulate earned wage access (EWA) services in Wisconsin by establishing specific fee limits for providers of these services. The bill prohibits providers from charging a delivery or expedited delivery fee exceeding $5 for advances of up to $75 and $7.50 for advances over $75, with these amounts subject to inflation adjustments every five years. Additionally, the bill mandates that the Department of Financial Institutions will adjust these maximum fees based on changes in the U.S. consumer price index starting January 1, 2030.

Furthermore, the bill clarifies that certain existing laws, including parts of the Wisconsin Consumer Act and regulations concerning married persons' credit transactions, do not apply to EWA services provided by licensed providers. This legislative change is intended to streamline the regulatory framework for EWA services while ensuring consumer protection through fee transparency and limits.