Federal agency says debit cards can't be the only payday option

09/15/2013 | Boston Globe (tiered subscription model), The

Businesses including restaurants and retail stores must offer workers options other than debit cards for receiving their pay, the Consumer Financial Protection Bureau has ruled. The federal agency said the law requires that workers be able to choose how they receive wages, and employees who choose debit cards must be provided with protections including disclosures on fees associated with the cards. "The bureau intends to use its enforcement authority to stop violations before they grow into systemic problems," the agency said in a bulletin.

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