CFPB Says Employees Can't Be Forced To Use Payroll Cards

Law360, New York (September 12, 2013, 4:15 PM EDT) -- Consumer protection regulators cautioned employers Thursday not to compel employees to receive wages only on a payroll card — a controversial payment method that often involves fees that can pull hourly workers’ pay to below minimum wage — and to ensure they clearly inform employees about such fees.

The Consumer Financial Protection Bureau sought to address the furor surrounding the use of the card, amid a lawsuit filed in June by a McDonald’s employee in Pennsylvania claiming she and other employees were not given any other...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.