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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Feb 19, 1979
Page
5
The article explains how finance charges and the annual percentage rate APR are calculated and why borrowers may pay more than expected. It notes hundreds of banks erred in APR calculations, triggering refunds under Truth in Lending. It details finance charges, methods of calculating interest for revolving accounts and how balance methods affect monthly interest.
A major winter storm sweeps the East from the Midwest with heavy snow and subzero winds. Deaths topped thirteen across six states as temperatures plunged, power outages hit over 110000 customers in the Deep South, and cities from New York to Washington DC logged record lows and widespread travel disruption.
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