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Fed to Close More Check-Processing Centers

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Fed to Close More Check-Processing Centers

Business

Fed to Close More Check-Processing Centers

Fed to Close More Check-Processing Centers

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  • <iframe src="https://www.npr.org/player/embed/3814799/3814800" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Federal Reserve announces plans to shutter nine more check-processing centers, on top of 13 already scheduled to close this year. The Fed says Americans aren't writing as many checks as they used to, and it expects the trend toward online bill payments and increased debit-card use to continue. Hear NPR's Jack Speer.