Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Many bankers take a dim view of substitute checks, the payment instrument that would be forged by the truncation legislation wending its way through Congress. They are perceived as expensive to create ...

You've probably bought something in a store with a check even though you don't have the money in your account at the time. You figure you have a few days for the check to clear, and by then the money ...

Opinions expressed by Entrepreneur contributors are their own. It’s the biggest change in banking law in years, and it will eventually have a big impact on your business. Yet no one seems to know much ...

The Check 21 law created the substitute check, or image-replacement document. After six years and a brief boom, IRDs are on their way to the payments dustbin, just as Check 21’s backers intended. What ...

Nessa Feddis, a lawyer for the American Bankers Association, just got rid of all her canceled checks. Twenty years of grocery, mortgage, car-repair payments... shredded. "You just don't need them," ...