Relating to the regulation of earned income access providers and earned income access transactions; requiring an occupational license; authorizing fees; providing an administrative penalty; creating a criminal offense.

HB 5462 would regulate businesses that provide short-term cash advances (referred to as "earned income access providers") and their transactions. It requires these businesses to obtain an occupational license, sets fees based on business volume, and creates administrative penalties for violations. The bill also establishes criminal penalties for serious offenses and authorizes the finance commission to order restitution to affected consumers. These changes directly affect payday loan and cash advance providers operating in Texas under current regulations.