NBPCA's Statement on NY Industrial Board of Appeals Decision Revoking NY DOL Regulations on Methods and Payment of Wages
February 23, 2017
The NBPCA is pleased that the New York Department of Labor’s final rule on the methods and payment of wages has been revoked and the nearly 32 percent of New York households who rely on payroll cards will still have access to an affordable, convenient tool to receive, store and access their wages. This rule was an example of unnecessary regulatory overreach that would have ultimately harmed a vulnerable population of consumers whose access to financial services products should be protected by regulators rather than limited. We look forward to working with New York-based employers, employee groups, and other stakeholders to find ways to strengthen consumer access to payroll cards and continue to provide balanced consumer protections to New York workers.