Consumer Groups Call to Eliminate "Oral Checks"

Posted by Minerva Novoa at 05/09/05 05:27 PM

The proposal encourages the consumer’s bank to help protect the consumer from unauthorized Remotely Created Checks(RCCs). CU proposes that the Board clearly articulate that RCCs originated by consumers are electronic fund transfers covered by the Electronic Fund Transfer Act.

Download the document: http://www.consumersunion.org/pdf/oralchecks.pdf PDF
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