Comment letter to Federal Reserve Board in support of changes to regulation of stored value cards

fed_nov2004_r1210_storedvalue.pdfComment letter in support of the proposed amendments to Regulation E which protects consumers using payroll cards from unauthorized transfers and undisclosed fees.  This amendment would also define a payroll card account directly or indirectly established by an employer to receive wages, salary, or other employee compensation on a recurring basis as an account which receives the consumer protections of the federal Electronic Funds Transfer Act.