15 Oct

Checks Are No Longer “In the Mail” Under New Regulation

The Business Journal of Milwaukee
By Phil Trewyn

Federal legislation that goes into effect Oct. 28 and aims to streamline how banks clear checks means business owners will have to be more cognizant of having funds in place to cover checks, say bank executives.

“This will be a rude awakening across the board for all businesses,” said Margaret Henningsen, vice president and co-founder of Legacy Bank, Milwaukee. Read More