What's New? State Chartered Banks 
Monday, August 23, 2021 at 11:07AM
Banking Spectrum in Compliance, New York, What's New

Governor Andrew Cuomo signed into law a bill, passed in March, that requires New York state-chartered banks offering consumer checking accounts to pay checks in the order they are received, or from smallest to largest dollar amount for each business day's transactions. Under the new law, banks may dishonor a check for insufficient funds, but then must honor smaller checks within amounts on deposit in the subject account. Read more in The Gold Book

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