Electronic Banking : The Implementation of the Check 21 Act.

Examines key implementation rules and procedures of the Check Clearing for the 21st Century Act (Check 21 Act), which amends the Federal Reserve Act to facilitate check truncation by authorizing use of substitute checks to promote innovation in the check collection system without mandating receipt o...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2004.
Series:	U.S. Congressional Research.
Subjects:	Banks and banking. Consumer protection. Electronic funds transfers. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Examines key implementation rules and procedures of the Check Clearing for the 21st Century Act (Check 21 Act), which amends the Federal Reserve Act to facilitate check truncation by authorizing use of substitute checks to promote innovation in the check collection system without mandating receipt of checks in electronic form. Discusses banking industry adaptation to Check 21 Act, and reviews various consumer protection issues raised during Check 21 Act development and consideration.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Nov. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.