Thursday, April 8, 2010 - 1:15 AM
As of Feb 27th banks aren't allowed to distinguish between local and non-local checks for purposes of availability. Regulation CC Appendix A was revised to reflect that all checks are now handled by the Federal Reserve Bank of Cleveland. Some, but not all, banks have updated their own policies to reflect this. Doesn't seem to have been covered by the regular news outlets, afaict.
2,282 posts since
May 9, 2010
Rep Points: 3,924