21–30 of 131 posts
Earlier quoted context omitted.
Off to the Department of Labour, they won't look kindly on late paychecks.
Who will be liable? The employer? Rippling?
To the employee, the employer. To the employer, Rippling. It's wild that, as a payment processor, they didn't have redundant rails.
Oof, heavy hit for people relying on those paychecks being timely. Decent of Rippling to cover overdraft fees of those affected, at least.
Can you imagine the conversation this morning? "Hey, your paycheck won't be coming today and I need you drop what your doing and make an emergency change to our apis so that we can use JP Morgan Chase. We're going to have to skip all the usual test environments."
The delays in the article can just be the bank processing time post switch. Doesn't look like it provides the information to tell either way.
This article is slightly click-baity. The payments are delayed in some cases, not held out altogether. From what I'm hearing so far, Rippling has changed banks over night and has instructed all clients to update the ACH filters accordingly. Only payroll cycles caught in-between will be affected, but even then they are delayed, but not held.
Ref: https://twitter.com/parkerconrad/status/1634315187837861889
Anyone who, like me, was wondering about Gusto they say the do not use SVB https://mobile.twitter.com/GustoHQ/status/163424676119459433...
This article is slightly click-baity. The payments are delayed in some cases, not held out altogether. From what I'm hearing so far, Rippling has changed banks over night and has instructed all clients to update the ACH filters accordingly. Only payroll cycles caught in-between will be affected, but even then they are delayed, but not held.
Hi Rippling Customer,
Yesterday afternoon, Rippling learned that Silicon Valley Bank (SVB) had solvency challenges. We have been working with SVB to ensure timely payments to our customers’ employees. However, this morning we learned that the FDIC had stepped in and taken control of SVB.
We are reaching out to you because you have a payroll that has already been processed for 3/15/2023. Currently, these funds may be sitting with SVB. We are closely monitoring the FDIC takeover and what it means for this pay run. We ask that you please reach out to your bank and request that your bank return any ACH transactions debited from your account by Rippling into SVB under the premise that the transaction(s) are unauthorized, since the bank has ceased operations and is unable to honor the payments.
If the bank agrees to issue a return, you will then need to send a wire to Rippling for the full amount of the 3/15/2023 payroll run by Tuesday 3/14/2023 at 12 PM PST. This help center article has updated wire instructions. Your 3/15/2023 payroll will be marked as Non-sufficient Funds (NSF) on Rippling’s end, but as long as we have received the wire, Rippling will issue employee payments for 3/15/2023 via our new banking partner, JP Morgan Chase & Co.
If the bank does not agree to issue a return, we will follow up with additional instructions. If you have questions, please reach out to our support team.
Thanks, The Rippling Team
Is there a resource we can all use to find out if our employer is in a similar situation?
Off to the Department of Labour, they won't look kindly on late paychecks.
Im not sure why anyone would want to report their employer for a minor delay when a bank is folding. Hopefully the DOL would ignore that.
It is basically the same as reporting your employer because for a late check because the mailman got shot on your doorstep.
I feel like it also does a disservice to people who have real late paycheck abuses.
Earlier quoted context omitted.
Both categories of crime are serious. I don't know why that's not an option.
Fun fact: the catholic church considers both murder and late wages "sins that cry to heaven". If someone can't make the rent because someone else messed up it can have enormous ripple effects.
- Leviticus 19:13 - "You shall not leave [with you] the payment of a worker overnight until the morning..."
- Deuteronomy 24:15 - "On his day you should give his wages, the sun should not set on it, because he is a poor man and his life depends on it...”
And that's true whether you're a super-religious Chassid type or a super-socialist Workman's Circle Bundist type:
https://www.chabad.org/library/article_cdo/aid/1218800/jewis...
https://www.laborpress.org/workmen-s-circle-backs-fight-for-...
Earlier quoted context omitted.
Off to the Department of Labour, they won't look kindly on late paychecks.
Who will be liable? The employer? Rippling?
This article is slightly click-baity. The payments are delayed in some cases, not held out altogether. From what I'm hearing so far, Rippling has changed banks over night and has instructed all clients to update the ACH filters accordingly. Only payroll cycles caught in-between will be affected, but even then they are delayed, but not held.
We just received this from Rippling: Hi Rippling Customer, Yesterday afternoon, Rippling learned that Silicon Valley Bank (SVB) had solvency challenges. We have been working with SVB to ensure timely payments to our customers’ employees. However, this morning we learned that the FDIC had stepped in and taken control of SVB. We are reaching out to you because you have a payroll that has already been processed for 3/15…
This seems a little ... odd. To be very clear, I'm not on the bank's side at all... but if the ACH is already debited, then your bank would absolutely be in the right to not return it as unauthorized, because the bank ceased operations _after_ the transaction.
Earlier quoted context omitted.
Off to the Department of Labour, they won't look kindly on late paychecks.
For those unaware, dept of labor takes late paychecks seriously and will help you as a worker. Late paychecks and other forms of wage theft make up the single largest category of theft. Too bad more people are riled up over small time crimes like shoplifting leaving many in the dark about what they can do about their employers stealing from them.