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One way people can cut back on expenses is by avoiding ATM fees. Financial educators are reminded that, under federal rules, a teller machine operator may charge a fee only if the consumer is provided a notice on screen or on paper before the transaction is completed. The notice helps consumers know that they will be charged a fee and provides an opportunity to cancel the transaction rather than pay the fee. Educators may wish to incorporate a quiz question or a quick tip about ATM fees and the required disclosures that can help consumers avoid paying unnecessary fees. Find out more about the notice requirements in a November letter to FDIC-supervised institutions.
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Disasters bring out the best in people during tragic events. Many people volunteer to assist victims and others are willing to make contributions to charities. Disasters also bring out the worst in people, particularity those who desire to benefit from the charity of others. The FBI reminds the public they should apply a critical eye and do their due diligence before giving contributions to anyone soliciting on behalf the Haitian victims. Solicitations can originate from e-mails, Internet Websites, door-to-door collections, mailings, telephone calls, and other similar methods.
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In the late 1950s and early 1960s, the perceived ideal for working Americans was to earn enough money to buy a house with a white picket fence and attain financial stability. We were a nation of savers.
Today America is a nation of spenders. However, all hope for a financially secure future is not lost. In fact, increasing savings and finding ways to limit spending should top any list of financial management improvements. To do so, you should annually review and prioritize your obligations and opportunities in the following order.
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