2E Regulating payroll cards and payroll card accounts under the fair labor standards act, defining payroll card and payroll card account; specifying certain payroll card issuer name and address filing requirements, requiring filing with the commissioner of labor and industry; providing for employee ownership of wages; requiring payroll card issuers to allow employees choosing to receive wages through electronic fund transfer to payroll card accounts to withdraw by free transaction from the accounts; requiring employers offering the option of receiving wages through the accounts to disclose wage payment options and fees to employees; requiring employee consent to electronic fund transfers to the accounts, prohibiting consent as a condition of employment; requiring employers to provide employees with free transaction histories upon request; prohibiting payroll card or account links to credit and restricting access to personal information; specifying a certain other language requirement; providing for employee requests to change the wage payment method; prohibiting employer charging of fees to employees for payment by electronic fund transfer and limiting payroll deductions; imposing a penalty for violation; expanding the definition of wage under the fair labor standards act to electronic fund transfers to the accounts; requiring the commissioner to report to the legislature by a certain date on the use of payroll cards
(mk, ja)