Take a position on which employee regulation seems outdated and needs to be updated. Indicate how...

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Take a position on which employee regulation seems outdated and needs to be updated. Indicate how you would update it.

David · Accepted Answer

I understand the purpose of a savings account completely: they are to be used to put money into and to keep it there. However it would be an insane idea to think that one would not have the ability to access that money with any level of ease. The Federal
I understand the purpose of a savings account completely: they are to be used to put money into and to keep it there. However it would be an insane idea to think that one would not have the ability to access that money with any level of ease. The Federal Reserve however seems to think otherwise; convenience to them is not something that we as consumers should be allowed to have when it comes to accessing our money. Let me explain.
Last month I switched to a new brokerage account and transferred money from my savings to the brokerage account several times. I also payed off a large credit card bill with money from my savings. I also miscalculated the amount that I could transfer to my savings from my checking without leaving myself short on cash in the checking account. I messed up, just a little bit. I had to transfer money back from my savings to my checking to cover some basic expenses.

Take a position on which employee regulation seems outdated and needs to be updated. Indicate how you would update it.

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