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Minimum Wage › Regulation E

Ballard Spahr LLP

CFPB Warns Employers on Required Use of Payroll Cards

Ballard Spahr LLP on

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

Fisher Phillips

CFPB Bulletin Addresses "Payroll Card Accounts"

Fisher Phillips on

A statement of some federal-law limitations and requirements relating to the increasingly popular practice of compensating employees via the use of "pay cards" came from an atypical direction on September 12....more

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