CFPB Warns Employers About Payroll Card Abuse
Earlier this summer, we reported on a new trend āespecially prevalent in low-wage industriesāwhere more and more workers arenāt getting paper paychecks or direct deposits to their checking accounts, but instead are finding their wages on prepaid cards. The Consumer Financial Protection Bureau ( CFPB ) warned employers yesterday about the misuse of prepaid payroll cards and that they cannot require workers receive their wages via prepaid cards.


