With Banks Closing, It’s Time to Look At The Parallel Economy
danielbobinski.substack.com
The Federal Deposit Insurance Corporation requires banks to notify customers in writing at least 90 days ahead of impending branch closures. Banks must also post a conspicuous notice on a branch that’s closing at least 30 days before they close. However, residents across the country are getting some surprises, as many local bank branches are closing without any notice. For example, a woman in San Francisco was shocked when she went to deposit a check at the place she’d been banking for five years. No advanced notice.
With Banks Closing, It’s Time to Look At The Parallel Economy
With Banks Closing, It’s Time to Look At The…
With Banks Closing, It’s Time to Look At The Parallel Economy
The Federal Deposit Insurance Corporation requires banks to notify customers in writing at least 90 days ahead of impending branch closures. Banks must also post a conspicuous notice on a branch that’s closing at least 30 days before they close. However, residents across the country are getting some surprises, as many local bank branches are closing without any notice. For example, a woman in San Francisco was shocked when she went to deposit a check at the place she’d been banking for five years. No advanced notice.