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Wages Payroll Cards Consumer Financial Protection Bureau (CFPB)

Fisher Phillips

The Trend Toward Payroll Cards

Fisher Phillips on

Last month, Georgia became the latest state to pass legislation governing the payment of wages via “payroll cards.” Gov. Nathan Deal signed the new law on May 5, 2015. Prior to the passing of this bill, the payment of wages...more

Baker Donelson

Depositing employee wages on payroll card accounts may be convenient, but consumer protection agency condemns mandatory wage...

Baker Donelson on

The Electronic Fund Transfer Act and Regulation E (which implements the Act) apply to payroll card accounts. In a memo issued on September 12, 2013, the Consumer Financial Protection Bureau (CFPB) clarified that employers...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Much Ado About Payroll Cards

In my last blog post, “To Fee or Not to Fee—The Pros and Cons of Payroll Cards,” I discussed the growing popularity of payroll cards and several U.S. senators’ plea for guidance on this burgeoning pay practice. Perhaps in...more

Morgan Lewis

Federal and State Authorities Continue Scrutiny of Payroll Cards

Morgan Lewis on

With the growing popularity of payroll cards, employers that utilize them, or are considering implementing them in the future, must be aware of the potential benefits and risks involved. Employers in virtually every...more

McNees Wallace & Nurick LLC

CFPB Weighs In On Employer Use Of Payroll Cards

In a recent blog post, we discussed the legal issues associated with employer use of payroll debit cards in lieu of printed paychecks. We concluded that because of the lack of federal and state regulatory guidance on the...more

Foley & Lardner LLP

Potential Problems With Payroll Cards

Foley & Lardner LLP on

For several years now, the use of payroll cards has been an emerging trend as a mechanism for paying employees their wages. A payroll card is a payment method that allows employers to pay wages to their employees via a...more

Katten Muchin Rosenman LLP

CFPB Bulletin Warns Employers Against Exclusive Use of Payroll Cards

On September 12, the Consumer Financial Protection Bureau (CFPB) published a bulletin reminding employers that they cannot require their employees to receive wages on a payroll card. The bulletin also explains some of the...more

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

Stinson - Corporate & Securities Law Blog

CFPB Warns Employers Against Exclusive Use Of Payroll Cards

The CFPB has published a bulletin expressing its view that employers cannot require their employees to receive wages on a payroll card. The bulletin also gives the CFPB’s view on some of the federal consumer protections that...more

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