The Consumer Financial Protection Bureau has issued a bulletin warning employers that they cannot require employees to receive their wages on payroll cards. The bulletin appears to respond to the explosive growth in the use...more
As we reported in our July 11 legal alert, New York Attorney General Eric Schneiderman has commenced an investigation into the widening practice of employers paying hourly employees through the use of prepaid payroll cards....more
New York Attorney General Eric Schneiderman has launched an investigation into companies that pay hourly employees by depositing payroll onto prepaid cards. More than 20 large employers have received letters from Schneiderman...more