Questions and Answers About the Check Clearing for the 21st Century Act, "Check 21"

Topics:
Commercial Banking
Tags:
Bank,
Check 21,
Consumers Union,
Financial Services
Source:
Consumers Union

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Overview: Check 21 is sweeping new federal law that takes away your ability to get back your original paper checks. Under this law, consumers will be more likely to bounce checks and may find themselves paying higher bank fees. The complicated new law gives you some rights, but those rights depend on a variety of factors, including how the merchant and the bank decide to process your check.

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Format: HTML | Date: Jul 2004 | Pages: 5

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