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The prestige of government has undoubtedly been lowered considerably by the prohibition law. For nothing is more destructive of respect for the government and the law of the land than passing laws which cannot be enforced. It is an open secret that the dangerous increase of crime in this country is closely connected with this. »» Albert Einstein
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Turning Check 21 To Your Advantage
Posted on May 13, 2008 - Filed Under Business, Personal Finance | Leave a Comment
In 2004 Congress passed the Check Clearing for the 21st Century Act, better known as Check 21. This allowed banks to accept the scanned image of a check in lieu of receiving the physical check. It saved the banks a fortune in transport and handling costs as well as allowing checks to “clear” within 24 hours of receipt by a merchant essentially ending the “float” depended on by both the impoverished and scammers everywhere. None of this was good for…
