Senate Dems Raise Concerns About Payroll Card Fees With CFPB
July 29, 2013
More than a dozen Democrat members of the U.S. Senate have written the CFPB and the Department of Labor expressing concerns about fees paid by low‐wage workers using payroll cards and urging them to move quickly to protect American workers. We strongly believe that your agencies have the capability to protect workers from at least some of the excessive fees and harmful practices associated with payroll cards, the senators said. Therefore, they asked the agencies to take a closer look at whether workers adequately understand these fees...