Payroll card accounts established directly or indirectly by an employer for the purpose of electronically transferring an employee's wages, salary, or other compensation on a recurring basis, are covered by:

Question

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Payroll card accounts established by an employer for the purpose of electronically transferring an employee's wages are covered by Regulation E, which governs electronic fund transfers.

Payroll Card Accounts Established Directly or Indirectly by an Employer