U.S. consumer bureau warns employers, banks on payroll cards
WASHINGTON (Reuters) - The U.S. consumer watchdog warned on Thursday that employers cannot require workers to be paid using prepaid payroll cards, which are used as an alternative to traditional paychecks or directly depositing wages.
Employers and banks must disclose fees associated with the cards, allow employees to check their account balances and help fix any errors, the Consumer Financial Protection Bureau said.
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