The State Senate is getting the ball rolling on a package of bills drafted in response to the abrupt shutdown of MyPayrollHR in September that left thousands of people around the country with overdrawn bank accounts. The bills, which have begun moving through the chamber’s committee process, create new penalties for misusing payroll funds, enable victims to recoup lost funds and require a state study of the payroll services industry. Sen. Kevin Thomas, a Long Island Democrat, who chairs the Senate Consumer Protection Committee is “hoping” a floor vote will be held next week. “If central staff is listening to this, let’s do it for next week,” Thomas told the Capitol Pressroom Tuesday. According to federal authorities, last year millions of dollars that were supposed to be distributed by MyPayrollHR, a Capital Region payroll company, were instead redirected by the company’s president, Michael Mann, into his personal account. Subsequently, people […]
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