Use of Payroll Debit Cards by Employers
On August 6, 2014, Illinois Governor Pat Quinn signed legislation (H.B. 5622) establishing requirements for the use of payroll cards by employers.
* Prohibits an employer from making receipt of wages by payroll card a condition of employment.
* Sets forth requirements for initiation of payment of wages by electronic fund transfer.
* Provides that a declined transaction must be allowed a certain number of times without a fee.
* Requires an employer to make certain disclosures to an employee, including disclosures upon termination of the employer-employee relationship.
The law goes into effect on January 1, 2015.
Read 2014 IL H.B. 5622