Legislation to speed check clearing, but industry slow to make ...
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By George Chamberlin , Daily Transcript Financial Correspondent. Wimpy&#39;s plea for a sandwich is representative of how many Americans have handled the cash flow in their checking accounts.
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InfoWorld - Mobile payments and banking are now moving into the United States through some big names, but the speedy checkout system is slow to put in place.
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A bill that would require retailers to reimburse banks and credit unions for the costs associated with data breaches moved a step closer to passage in the California legislature.
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Bush administration officials hope to resolve one of the government's most vexing problems before leaving office -- how to speed up security clearances for federal employees and contract workers.
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The National Retail Federation told lawmakers today to go slowly in adopting any federal data breach law that would impose the same data security requirements on retailers as they do on financial institutions.
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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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The days of writing a check and scrambling to the bank within a few days to cover it with a deposit are coming to an end. The paper check is going high tech.
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Laws on use of sampled material are murky, and stand to get murkier before they get clearer, experts say.
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SAN FRANCISCO (CBS.MW) - The Check Clearing Act for the 21st Century, or Check 21, goes into effect this Thursday without a visible hitch.
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Help may be on the way to deal with the backlog of unprocessed passport requests. Legislation passed Monday by the House would make it easier for the State Department to rehire retired personnel to pitch in.
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U.S. lawmakers wrote to regulators on Monday expressing concern that some banks are processing unsigned checks used by fraudsters seeking to drain money from the accounts of vulnerable people.
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Some consumer advocates are worried new check regulations that go into effect today will catch consumers by surprise. Checks will now be cleared electronically, reducing the amount of time
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Business interests, seizing on concerns that a law passed in the wake of the Enron scandal has overreached, are advancing a broad agenda to limit government oversight of private industry, including making it tougher for investors to sue companies and auditors for fraud.
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NEW YORK - High-tech changes in the banking industry will soon be affecting the most mundane of financial products, the checking account.    On Oct...
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Congress's newly passed intelligence  bill contains a provision adopted in response to the Riggs Bank scandal: It requires senior federal bank examiners to wait a year before accepting private-sector jobs with financial institutions they regulated as government employees.
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The Check Clearing for the 21st Century Act, or Check 21, takes effect Oct. 28. It is supposed to make check processing faster and more efficient by allowing banks to replace your paper checks with legal substitute
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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.