Check 21 Banking Law Goes Into Effect Starting October 28

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

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Overview: The article describes a sweeping new banking law known as "Check 21" will go into effect beginning October 28, speeding up check processing and putting consumers at risk for more bounced checks and fees. The, consumers will discover that their bank account statements will come with fewer - or perhaps none - of their canceled paper checks, as banks begin to process checks electronically.

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