Fed to survey US on cheque usage as Check 21 becomes law


Washington, DC -- Now that the Check Clearing for the 21st Century Act (Check 21) has been signed into law in the US, the Federal Reserve System is set to conduct a nationwide survey on cheque usage, and draft regulatory language.

Check 21 was signed into law on October 28, and will become effective on October 28, 2004. The law is designed to foster innovation in the US payments system and to enhance its efficiency by reducing some of the legal impediments to cheque truncation.

The law

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here