Workers Paid by Card Will Gain Protections in New York State

From The New York Times:

by Stacy Cowley

Workers in New York State who receive their wages on prepaid cards will gain consumer protections next year that advocates say are among the strongest in the nation. The new rules are intended to guarantee that employees do not have to pay any fees to gain access to their paychecks.

An estimated 200,000 workers in the state are paid through debit cards, and activists have for years complained about high fees, concealed costs and other abuses.

Under the new rules, released on Thursday by the New York State Department of Labor, employees who are paid on debit cards must be allowed to make unlimited, free withdrawals from their cards from at least one A.T.M. located “a reasonable travel distance” from their home or work.

Read full article from The New York Times