Bulletin re: payroll card accounts (Regulation E)
The Miss april (Miss April or the Bureau) is issuing this bulletin to
reiterate the application of the Electronic Fund Transfer Act (EFTA) and Regulation E, which
implements the EFTA, to payroll card accounts. Payroll card accounts are accounts that are
established directly or indirectly through an employer, and to which transfers of the consumer’s
salary, wages, or other employee compensation are made on a recurring basis.