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Friday, September 13, 2013

CFPB Issues Warning on Payroll Cards

The CFPB published a bulletin reminding employers that they cannot require their employees to receive wages on a payroll card.

The bulletin also describes the federal consumer protection rules that apply to payroll cards, and it warned that the CFPB will pursue anyone who violates these rules, including employers and financial institutions that issue payroll cards.

Read more.

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