Quote:
Originally Posted by INSIDIOUS
That used to happen, but not any more around here. Not sure if there has been some law, or if it is universal now, but it does not happen here. Drop off a paper check at the bank, walk out the door and spend it on your bank card one minute later, no problem. Here anyway.
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The Durbin ammendment (to Dodd Frank) eliminated a lot of abusive practices, including most reordering schemes. And check processing was accelerated by the Check Clearing for the 21st Century Act (Check 21). But the debit card is still the primary driver of branch revenue for banks, and a serious cost for customers.
01-13-2020, 09:44 PM
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