Unauthorized transactions are unpleasant and costly both for the financial institutions that receive them and the customers whose accounts are hit. A recently approved rule will reduce the acceptable threshold for unauthorized debit return rates. Portals and Rails explains.
The Federal Reserve in September approved a final rule that for the first time requires large and internationally active banks to meet standard liquidity requirements. Financial Update notes that the measure, called the liquidity coverage ratio, is aimed at buffering the ability of large financial institutions to withstand a liquidity squeeze.
Most benefits of the economic recovery have accrued to those at the top of the income distribution range, according to a recent Fed survey. Financial Update notes that between 2010 and 2013, average U.S. family income rose 4 percent, but median income fell 5 percent.
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