New York Times — Workers in New York State who receive their wages on prepaid cards will gain consumer protections next year that advocates say are among the strongest in the nation.
NYS Governor’s Office — New Payroll Card Regulations Issued By State Department of Labor Will Eliminate Costly Hidden Fees, Prohibit Employers from Receiving Kickbacks, Mandate Local Access to Fee-Less ATMs
Daily News — If there’s a silver lining to the recent RushCard debacle, it’s that it has exposed systemic failings in the prepaid debit-card industry and provided the clearest and most harrowing illustration yet of why strong oversight is needed.
Organizations across the state and country have rallied in support of New York’s proposed rules to rein in the payroll card industry. New York’s rules would be among the strongest in the country and ensure that large employers do not use payroll cards to unfairly shift payroll costs onto low-wage workers. The New York […]
New Economy Project supports proposed rules that would create strong protections for workers, particularly low- wage workers, who are vulnerable to unfair and abusive fees levied by payroll card companies.
New York State’s Department of Labor has proposed new payroll card rules that would advance workers’ rights and prohibit fees that unfairly deplete workers’ wages.
New Economy Project commends the Governor and NYS Department of Labor for advancing workers’ rights in New York State, by issuing strong proposed rules to regulate payroll cards.
Assembly Majority Leader Morelle and Senator Gallivan, Press Release — Attorney General Eric T. Schneiderman today announced that Assembly Majority Leader Joseph Morelle and Senator Patrick Gallivan will sponsor the Attorney General’s program bill regulating the use of payroll cards to increase protections for workers, clarify ambiguities in the law, and ensure that payroll cards offer a convenient and beneficial method for workers to access their pay.
New Economy Project urges the Consumer Financial Protection Bureau to strengthen regulation of prepaid cards and close loopholes that permit abusive practices.
Members of the NYS Payroll Card Working Group spoke to New Yorkers who work in retail, restaurant and other sectors to learn about their experiences with payroll cards. Here are the major problems the workers flagged.