The Justice Department is grabbing the spotlight with Operation Choke Point, a controversial investigation that's drawing U.S. banks deeper into the fight against consumer fraud.

But below the radar, another federal agency is tiptoeing in the same direction, and again drawing stiff opposition from the banking industry. This latter dispute involves remotely created checks, a controversial payment method that allows merchants to draw on customers' bank accounts without getting their signature.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.