New Law Could Sink Check Writers
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ATLANTA -- New federal laws take effect Thursday that could dramatically shorten the time it takes for a check to clear the bank because the information will now be transmitted electronically.
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Lawyers say a new regulation threatens to make advertising account shifts prohibitively expensive or simply counterproductive.
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Business & money: New rules to protect tenants from unscrupulous landlords and letting agencies could be on the way
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The Motley Fool - Like many people, you may have been resisting entering the age of online banking, perhaps not wanting to pay your bills electronically. But whether you like it or not, later this month financial institutions and many merchants will be taking a big step closer to a more paperless society. We have the "Check Clearing for the 21st Century Act" (referred to as "Check 21" by those in the know) to thank for this.
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New identity checks are to be introduced to safeguard homeowners against property fraud.
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If you write checks thinking you can beat them to the bank, you might want to rethink your financial strategy by Thursday. A new law that requires all banks to accept electronic images of checks
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A federal law known as Check 21 takes effect Thursday, and whether that&#39;s cause for celebration or commiseration is a matter of much debate.
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A copy of the early draft language of the revised H.R. 1201 shows the revised legislation would add six new exemptions to US Code section 1201, which had been amended by the Digital Millennium Copyright Act. But the language in the new draft of the Boucher Bill is shorter and simpler, and perhaps more prone to broader interpretations.
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Congress recently passed the &quot;Checks for the 21st Century Act&quot; - also known as &quot;Check 21&quot; - and it goes into effect today.
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People fed up with the proliferation of credit cards, IDs and key cards that fill their wallets to bulging may soon have an alternative.
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In the next few weeks, consumers will start getting notices from banks and other financial institutions about checking account changes.
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Controversial plan could force file swappers to face criminal charges.
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Notorious prisoners' artwork, notes and even nail clippings are hot items in online auctions. But a new law might put a stop to the gruesome trade
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(New York-AP) Oct. 28, 2004 - Don&#39;t write a check you can&#39;t cover now. A new check processing system went into effect Thursday that speeds the time it takes for a check to clear.
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A new federal law takes effect Oct. 28, increasing odds that a check will bounce if you pay now, deposit later -- counting on the time that can be taken in processing a check to cover what ends up as a withdrawal from your account.
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Salaried workers who have been getting overtime pay should take notice: The rules are about to change. Under new federal regulations that go into effect tomorrow, some white-collar workers
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New federal regulations designed to speed up the processing of checks went into effect on Thursday, and consumer advocates advised Americans to be more vigilant about monitoring their accounts.