Central Banking

Check-truncation talks today

US - Senate House Financial Services Committee staff are scheduled to meet today with bank and consumer groups to seek common ground on check-truncation legislation.

The Federal Reserve Board and some banking groups have been pushing Congress to take up a bill to make it easier to transmit checks electronically between banks. The Fed sent a proposal to Congress in December, but legislation has not been introduced in the House or Senate.

The first legislative movement on the issue probably will