float Archives:

Tweet Following September 11, 2001, the banking industry experienced unforeseeable delays in processing checks; checks were lost at the World Trade Center; and billions of dollars of “float” was lost.  Consumers, generally did not feel the banking ramifications of 9-11, as the banking industry did.  In  response, the banking industry lobbied for changes in the […]

Tweet Following September 11, 2001, the banking industry experienced unforeseeable delays in processing checks; checks were lost at the World Trade Center; and billions of dollars of “float” was lost.  Consumers, generally did not feel the banking ramifications of 9-11, as the banking industry did.  In  response, the banking industry lobbied for changes in the […]