STEP TOO FAR? "We don't see the factual basis for singling out remotely created checks," says David Walker, head of the Electronic Check Clearing House Organization, which says the FTC's proposed ban would be an "unprecedented" government crackdown on a class of merchants.

Banks Fight Proposed Ban of Remote Checks from Telemarketers

Other payments fights are grabbing more headlines, but banks are pushing hard against the Federal Trade Commission's proposed ban on the use of remotely created checks by telemarketers.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.