Federal Reserve: Far too early to declare victory

Americans show signs of spending more, and the economy is more stable than it was a year ago. However, according to Federal Reserve Chairman Ben Bernanke, challenges still remain in providing more jobs for long-term unemployment and restoring the housing market.

"It's far too early to declare victory," Bernanke said. Higher gas prices may cause inflation to increase, impacting consumer spending within upcoming months.

National employment rate is around 8.3 percent, but could decrease by the end of the year depending on how fast the economy grows. Also, there is progress in the housing market with more multi-family homes being constructed and extra building permits.

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ATM warning is a hoax

Elaine Dodd, vice president of the Oklahoma Bankers Association Fraud Division, spoke with KFOR about the current safety warning being posted on Facebook. This warning claims that if you enter your pin number backwards while being robbed at the ATM, police will be notified.

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Tips for mobile banking security

Customers should download smart-phone applications only from well-known marketplaces, Doug Johnson, American Bankers Association vice president for risk management policy, told consumer reporter Michael Finney during a program last Thursday on mobile banking security that aired on ABC affiliate KGO-TV in San Francisco.

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