Legislative Activity Involving Payroll Cards; Understanding and Complying with State Payroll Laws; and Mitigating the Threat of Class Action Litigation Involving Payroll Card Products
Keith J. Barnett
Troutman Sanders LLP
Patrick M. Burnett
Vice President & Corporate Counsel
Senior Counsel, Banking, Operations Commerce & Global Risk
- Will other states follow suit of those with more aggressive criteria for wages being deposited to a prepaid card?
- Will the more aggressive legislation regarding payroll cards cut this type of a prepaid card out of the market?
- Are there ways of mitigating the threat of class action litigation over payroll products?
- What steps can an issuer take to better oversee programs offered by employers in order to mitigate litigation risk? Are there ways to mitigate risk of litigation from a due diligence as well as from a contractual perspective?