Credit Card Interest Rates: Hearing Before the Subcommittee on Consumer Affairs and Coinage of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-ninth Congress, First Session, on H.R. 1197, a Bill to Amend the Truth in Lending Act ... H.R. 3408 ... October 29, 1985 |
Other editions - View all
Common terms and phrases
American Bankers Association annual fees Arkansas average bank card bank credit card Biaggi borrowers card interest rates card users cardholders cards issued cash ceilings on credit Chairman ANNUNZIO commercial competition Congress consumer credit cost of funds cost of money credit card accounts credit card credit credit card industry credit card interest credit card issuers credit card loans credit card market credit card operations credit card rates customers decline deregulation discount rate economic effect Federal Reserve Board finance charges finance companies finance rates forms of consumer going higher HILER HUNT increase interest charges interest rate ceilings interest rate controls J.C. Penney legislation lenders limit market rates marketplace MasterCard merchant discount million offer payment percent percentage points personal loans prime rate profit proposed purchase rates on credit recent regulated retail cards retail credit cards revolving credit SCHUMER SEGER subcommittee sumer suppliers transaction Treasury bills usury ceilings
Popular passages
Page 238 - Consumer Credit in the United States," Report of the National Commission on Consumer Finance.
Page 8 - USC 695) is amended by adding at the 5 end thereof the following new subsection: 6 "(d) CAPITAL-TO-JOBS RATIO.
Page 254 - District where the bank is located, or at a rate of 1 per centum in excess of the discount rate on ninety-day commercial paper in effect at the Federal reserve bank in the Federal reserve district...
Page 42 - I appreciate the opportunity to appear before the Subcommittee to present the views of the Federal Reserve Board on two legislative proposals that would establish nationwide ceilings on credit card Interest rates.
Page 238 - Congress, shall include treatment of the following topics : ( 1 ) The adequacy of existing arrangements to provide consumer credit at reasonable rates. (2) The adequacy of existing supervisory and regulatory mechanisms to protect the public from...
Page 245 - The Chamber's mission is to advance human progress through an economic, political and social system based on individual freedom. incentive, initiative, opportunity and responsibility.
Page 136 - Posner, Market Power in Antitrust Cases, 94 Harv L Rev 937 (1981).
Page 139 - Stephen Breyer and Paul W. MacAvoy, "The Natural Gas Shortage and the Regulation of Natural Gas Producers,
Page 25 - OF HON. MARIO BIAGGI, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF NEW YORK Mr. BIAGGI. Thank you very much, Mr. Chairman, and thank you for your indulgence in permitting me to address the committee first, and my colleague, Mr.
Page 59 - No, sir; that is not what I am saying. What I am saying is that the...