I received a letter from our credit union the other day that advised me that we have exceeded the allowable number of electronic transactions (unsigned) through our savings account last month. The letter also advised me that a $5.00 penalty would be assessed for each infraction. Our savings account could also be subject to closure by the credit union. This action, while performed by the credit union, is due to Regulation D, from our beloved Federal Reserve System. They have seen fit to dictate how and when we use our money. Talk about Big Brother. Before long,we will have to get signed permission to use our money. Who ever has said that our government has not gotten out of control, BE WARE.
Posted on: Sat, 08 Jun 2013 23:20:35 +0000
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