🚀 go-pugleaf

In chi.general Scott in SoCal <scottenaztlan@yahoo.com> wrote:
>In message <betatron-60A071.10283202082008@news.ftupet.com>, max
><betatron@earthlink.net> wrote:

>>The CTA inability to transmit the PIN transaction in one minute instead 
>>of N*10080 minutes has cause some of these people problems that will 
>>persist for months due to their limited resources.

>All right, so how would you solve the problem?

>Require all EFT debits to be settled within 24 hours, or the money is
>forfeit?

Oooh, I like that... course, what really bugs me is when I pay the mechanic
and he sits on my check for a week or three... they must be rolling in cash 
because they can certainly sit on a check for a long time...  (I started 
paying with debit card as that is debited right away)...

>Outlaw overdraft fees entirely?

Well, don't most banks offer free overdraft protection by now?

>Cap the fees at some reasonable amount, and outlaw "cascading" fees?

>Require banks to apply credits first, then apply debits in increasing
>order of size?

One of the Check21 requirements was that they were going to revisit rules
if it was determined that banks were abusing things with checks clearing 
so fast... I wonder if that's happened yet...

-- 
John Nelson
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