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Ally Bank Fails To Pay Interest To Thousands Of Its CD Holders

Friday, February 17, 2012 - 3:16 PMAlly Bank - Details
The Wall Street Journal picked up on this story thanks to my February 9th post and the reader who first emailed me news about this issue.

Some interesting excerpts from the Wall Street Journal article:
Ally spokeswoman Gina Proia says the company currently believes that roughly 5,000 customers—or about 2% of the bank's CD customers—were affected by the snafu.
[...]
Ally is in the process of crediting the proper interest payments to customer accounts and is "communicating with" customers

9
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
1. Saturday, February 18, 2012 - 9:05 AM
Just noticed that the WSJ has changed the title of this article from

Check Your 1099 Lately?

to

Dude, Where's My Interest?

I like the new title.
1
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
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