Finally, It's Truth In Savings TimePam Black
It's depressing enough to put money in a bank at today's piddling interest rates. But it's worse when you get interest on only a portion of your balance. Until now, some banks were able to whittle away at your interest payments. But as of June 21, the deadline for compliance with the Truth in Savings Act (TISA), banks can no longer get away with that. And they have to make it easier for you to understand how both your interest and your fees are calculated.
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