Watching Washington
Keeping an Eye on the Best Government Money Can Buy
Thursday, October 28, 2004
If You Planned on Floating Your Rent Check, You're Sunk
A new federal law taking effect today eliminates the greatest perk ever provided to the paycheck-to-paycheck set -- the check float. As of today, the "Check 21 Law" will allow your check to clear as soon as someone deposits or cashes it.
(NYT)
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