Implementing the Check 21 Act: potential risks facing banks

Tara N. Rice

Chicago Fed Letter, 2005, issue Aug, No 217

Abstract: The Check Clearing for the 21st Century Act (the Check 21 Act) was designed to facilitate technological innovation by accelerating the transition to electronic check processing. Yet, in adopting Check 21-related processing, banks must also appropriately identify and mitigate potential risks associated with this new federal law.

Keywords: Checks; Check collection systems (search for similar items in EconPapers)
Date: 2005
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