NBPCA Issues a Statement on the New York State Department of Labor Payroll Card Rule

June 14, 2016

The following statement can be attributed to Brad Fauss, President and CEO of the Network Branded Prepaid Card Association (NBPCA), on the re-issued New York State Department of Labor Payroll Card Rule:

"Payroll cards are a crucial tool for millions of unbanked and underbanked Americans, including nearly 30 percent of New York households. We are relieved the department has recognized that more work is needed on the proposed payroll card rule and re-issued it for another notice and comment review period. The NBPCA and its members look forward to working with the New York Department of Labor to ensure payroll cards remain a viable option for employers to pay wages to New York workers."