Senators ask CFPB to investigate employer pay cards

07/12/2013 | New York Times (tiered subscription model), The

Sixteen Democratic senators are asking the Consumer Financial Protection Bureau and the Department of Labor to look into employers' use of ATM-style cards to pay workers. In a letter, lawmakers also asked the agencies to study the fees being charged when such cards are used and the laws governing the electronic transfer of funds.

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New York Times (tiered subscription model), The

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