Conclusion The fundamental objective of the reforms is to create a system that efficiently supports economic growth while providing financial consumers with choice. The system must be robust to shocks, dampening, rather than amplifying, their effect on the real economy. It should also support sensible innovation.
Clearly, because substitute checks can be processed in the same manner as original checks, recipients of substitute checks should incur little or no additional processing costs. Recipients, however, will incur some additional costs relating to the act's customer protection and disclosure requirements. It is difficult, however, to estimate the overall cost savings.