Guest Editorial: Kudos deserved for new debt collection law
Imagine you wrote a dozen or so checks, one for your $850 mortgage and the rest for smaller bills and purchases.
Imagine a payroll check that was supposed to be deposited electronically didn’t show up on time. Oops – you’re looking at a $35 bounced check fee.
But your bank made the problem much worse through its policy of processing the largest check first. So instead of one bounced check you have a dozen bounced checks on your hands, with a $35 fee for each one.
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