News & Analysis as of

Fees ATMs

NY Payroll Debit Card Regulation Declared Invalid

by Ballard Spahr LLP on

A New York regulation establishing conditions for the payment of wages by direct deposit or debit card scheduled to take effect on March 7, 2017, has been invalidated and revoked by the state's Industrial Board of Appeals...more

CFPB’s Prepaid Card Rule: Short Form Disclosure Requirements

by Ballard Spahr LLP on

The CFPB’s Final Rule on prepaid cards includes, in addition to the long form disclosure requirements discussed in our November 21st blog post, highly detailed requirements for providing “preacquisition” disclosures to...more

New Pennsylvania Law Allows Use of Payroll Debit Cards

by McNees Wallace & Nurick LLC on

We have been following litigation in Pennsylvania challenging the use of payroll debit cards by employers to pay employees. In one such case, the Pennsylvania Superior Court recently ruled that an employer violated the...more

The New Supreme Court Term: Cases for the Automotive Industry to Watch

by Foley & Lardner LLP on

A new Supreme Court term is once again underway. This one looks to be unique in that it is likely to be an eight-Justice bench into 2017—with Republican leaders standing firm on their refusal to go forward with confirming any...more

CFPB Week in Review

The Consumer Financial Protection Bureau (CFPB) had another busy week. Here is an overview of what the CFPB was up to recently: Enforcement Actions and Litigation - Enforcement Action Against Santander Bank...more

Can I Pay with a Card? – Proposed Restrictions on NY Employers’ Use of Payroll Cards

Payroll cards (i.e., debit cards onto which employee wages can be loaded) provide an alternative to more traditional forms of wage payment such as paper checks or direct deposit. Payroll card programs can offer cost-saving...more

Seventh Circuit Says “Smallness” Is Not a Bar to Class Certification

by BakerHostetler on

In what it describes as an effort to advance the law of class certification, the Seventh Circuit last week issued a decision, written by Judge Posner, that many would say does just the opposite. ...more

To Fee or Not to Fee—The Pros and Cons of Payroll Cards

Payroll cards are having a moment. Recent articles in The New York Times, USA Today, and ABCNews.com have all highlighted the growing trend of employers paying wages to their employees via debit card. In addition, several...more

Burr Alert: Consumer Financial Protection Bureau Amends Regulation E And Regulation Z

by Burr & Forman on

In late March, the Consumer Financial Protection Bureau ("CFPB") issued final rules amending Regulation E, 12 C.F.R. § 1005.16, which implements the Electronic Fund Transfer Act, 15 U.S.C. § 1693 et seq. ("EFTA"), and...more

CFPB Finalizes ATM Disclosure Rule Changes

On March 21, the Bureau of Consumer Financial Protection finalized a rule implementing the ATM placard legislation that was signed into law last December. In December 2012, Congress passed and the President signed legislation...more

CFPB issues final rule removing ATM fee sticker requirement from Reg E

by Ballard Spahr LLP on

The CFPB has issued a final rule amending Regulation E to remove the requirement that a fee notice be posted on or at an automated teller machine. On December 20, 2012 , President Obama signed into law an amendment to the...more

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