Today, we have open or close banks, but don’t really know what it means to be “open.” Today is a great day to take a look at what the rest of the country is doing and see what they’re doing. In the past, banks would have been closed for at least two weeks after the holiday season.
And now that we have a few weeks left in the year, banks are opening back up. This is because the government is putting in new regulations regarding the use of electronic banking services. The new rules prohibit the use of personal information during this time period, including names and addresses.
Well, you can guess how they did that. We have to keep everything on paper and put it in a safe, and when the government demands that it be done, they don’t even have to tell us about it.
The new rules were supposed to take effect on January 1st, but the government says it will take until sometime in the summer for it to all be in place. The new regulations will only be enforced on the banks that have banks in Iceland, New York, London, and Hong Kong. So, if your bank is in one of these countries, then you are out of luck.
The US government is currently looking to have the requirement for banks to be open at any time in the United States lifted, and many banks are now actively lobbying the government to not implement anything in the interim. The new regulations could be enforced in the spring, but it looks like the government could be slow to act and take months before being rolled out.
I can’t say I blame them. After all, banks are among the most important institutions in the economy. They’re huge, they’re complicated, and they help a lot of people.
I know, I know. Most of us know it too. But if they really want to make sure their customers are safe, they could probably do a better job of keeping banks open during the busy times.
I understand that we don’t like to think that government regulations are a bad thing, but here’s a very simple way to ensure customers are protected: Just make sure the regulations are the same, each branch maintains it’s guidelines, and banks are staffed by professionals who make sure their customers are protected. And as long as the regulations are the same, we should be safe.
You could go about it in a few ways, but there is one thing you could do to ensure your customers are protected. You could just have a regular bank near the open spot. This means that customers can use your ATM or credit card without worrying that their money is being stolen or damaged. But as long as you maintain the same regulations, this might not be enough to protect you.
Another option would be to install a hardware bank. This would allow you to have a bank in the open spot without having to have a regular bank nearby. But it would still probably be a little too convenient. Also, we should all remember that it’s the customers who are in charge of their own financial security. We should always stay as close to cash as we can to keep our money and banking in one spot.
