Dealbook – 7/11/13: Sixteen Democratic senators are asking regulators to examine the use of A.T.M.-style cards to pay hourly employees. In a letter on Thursday, the senators urged Richard Cordray, the director of the Consumer Financial Protection Bureau, and Seth D. Harris, the acting secretary of the Labor Department, to “take swift action to protect American workers.” Across the country, a growing number of companies are doing away with paper paychecks and, in some instances, direct deposit, to offer prepaid cards.
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Source: Paymentspulse

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