Payroll Card Programs: Ensuring Regulatory Compliance
Speakers
Ted Teruo Kitada
Senior Co. Counsel
Wells Fargo Law Dept
- Types of pay cards used by employers
- Where this expanding market has been and where it is going, especially in light of the evolving regulatory landscape, at both the state and federal levels
- Key factors for successfully creating a new payroll program or improving upon an existing one; gain strategic insights into the payroll card chain and the entities involved
- Determining the key messages, education needs, and value propositions for each of these groups
- Assessing the increasing state activity in the area of payroll cards
- Compliance with the panoply of state laws and regulations
- Legal issues specifi cally associated with pay cards
- Legality of payroll cards in states without express state payroll card laws
- Comparison of payroll cards with other prepaid cards
- State payroll card laws and state employment laws
- Structuring payroll card relationships and drafting agreements
- The CFPB’s potential impact on payroll cards
- Compliance challenges as to loads on payroll cards
- Money Transmitter Licensing Issues
- Interchange Restrictions under Durbin Amendment