Banks Prepare for Check Clearing Act Change
Banks gear up for the Check Clearing for the 21st Century Act known as Check 21. The law, effective October 28, lets banks create substitute check images with the same legal standing as the original. Checks will move electronically, reducing physical transport.
MENTIONED IN THIS ARTICLE
Betty Reiss
Bank of America
Check 21 Act Takes Effect October 28
The Check 21 law changes check processing by enabling electronic substitute checks and image processing. It reduces float time, with many checks clearing within a day, and may shift customers to substitute checks in statements. Banks plan to implement procedures and inform customers through statements and websites.
MENTIONED IN THIS ARTICLE
Reiss
Chicago
Dallas
Gary Englert
Crosby State Bank
Baytown
Gulf Coast Bank
Linda Palmer
Palmer
Bank of America
Consumer’s Union
Consumersunion.org
Federal Reserve Board
Federalreserve Gov
Ollie Cove Subdivision Grows in Anahuac Texas
Co-developers Scott and Kathy Goodman join Bay Area Fence owners Don and Sherry Sanford to create Ollie Cove an 18 lot subdivision on Trinity Bay in Anahuac Texas The project began with seven acres purchased in 2002 and merged land from adjacent parcels in 2003 The name honors Scott Goodman s great uncle Ollie Nelson a 1898 rice farmer with descendants now local educators The couple emphasize small town values trust and neighborliness and invite inquiries at 713 545 6104
MENTIONED IN THIS ARTICLE
Exxon Mobil
Scott Goodman
Kathy
Billings
Mont
Texas Gulf Coast
Anahuac
Goodmans
Bay Area
Don
Sherry Sanford
Ollie Cove
Trinity Bay
Sanfords
Kathy Goodman
Trinity River Bridge
Goodman
Andy Taylor
Mayberry
Ollie Nelson
Nelson
Retailers face unsure outlook as oil spikes hit sales
The July retail picture shows slowing activity amid higher energy costs, with Wal-Mart Target and Kohl's posting upbeat forecasts yet economists warning rising oil prices may dampen job growth and consumer spending. The July rise followed June's dip, widening gaps between low to middle income shoppers and wealthier stores as families cut purchases.
MENTIONED IN THIS ARTICLE
New York
Wal-Mart Stores Inc
Target Corp
Kohl's Corp
Commerce Department
Lee Scott
Wal-Mart
Sung Won Sohn
Wells Fargo
Minneapolis
Nora Wright
West Des Moines
Iowa
Baytown issues permits for Aug 6 to Aug 12 totals
The City of Baytown Inspection Division issued building permits totaling 466 184 for residential and commercial work from Aug 6 through Aug 12. Commercial add-ons and remodeling accounted for 230 204 while new residential permits totaled 210 980. Notable items include a 150 000 paving project at 6600 N Hwy 146 and several residential builds and remodels across Goose Creek district and local addresses.
MENTIONED IN THIS ARTICLE
City of
Shirley Hall
Massey Tompkins Road
Goose Creek
Cedar Bayou Road
Texas Ave
Thuy Vu Nguyen
Baron Road
Gehan Homes
Bear Creek Trail
Horton America
Wildwood Street
Cesar Reynosa
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