WASHINGTON - A company that transports canceled checks for the Federal Reserve is suing the Labor Department for directing the Richmond Fed to withhold payment.

The Labor Department in March told the Richmond Fed to withhold a $45,889 contract payment for April from Pony Express Courier Corp. while it investigates the Charlotte, N.C.-based company's compensation practices.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.