Banking & Finance Law Report

Archives: Payments

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Wage withholding in a remote working environment

Employers generally must withhold income taxes on behalf of employees based on where the employee works. Typically this determination is simplified by the location of the employer’s offices. The COVID-19 pandemic and corresponding stay-at-home orders have altered the working situations for most Americans. Employers must now consider the impact of employees working remotely and confirm … Continue Reading

Fumiko Bandit and Check 21

Bankers know that what is commonly called Check 21 is at the heart of our present payment system. The check images delivered pursuant to its terms have made check processing simpler and faster for more than a decade. So it may come as a surprise that basic legal questions under the Expedited Funds Availability Act … Continue Reading
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