As reported by the Times Union on Sept 9, 2019:
CLIFTON PARK — The abrupt shutdown of a Capital Region payroll company last week left thousands of people around the nation with negative bank balances and several looming questions: How did this happen, and what can be done to prevent it from happening again?
People from New York to Texas and Florida are still reeling from the closing of MyPayrollHR, based in Clifton Park. A Facebook support group for those who’ve been affected grew to more than 1,800 members over the weekend.
Not only did the closure cause members’ most recent paycheck to be withdrawn, but many reported being hit by a second deduction from California-based Cachet Financial Services that had been worth the same amount as their original paycheck. The deductions left employees with negative account balances and hit particularly hard because they came at the beginning of the month, after rent payments had already been made.
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