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Credit Card Debt #195979

ABC Evening News for Thursday, Mar 15, 2001
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(Studio: Peter Jennings) Report introduced.

(Washington: Linda Douglass) Senate passage of legislation that will make it harder for people to declare bankruptcy due to credit card debt featured; statistics cited on campaign contributions from the financial services industry, including MBNA's donations to President Bush's campaign. [Center for Responsible Politics Larry NOBLE - says the industry "bought" this legislation via campaign contributions.] [Senator Paul WELLSTONE - calls this a vote against ordinary people.] [Coalition for Responsible Bankruptcy Laws Jeff TASSEY - defends lobbying.]

(Studio: Peter Jennings) Report introduced.

(Atlanta: Erin Hayes) The big business of credit card solicitations examined. [MAN, borrowers Gordon WADSWORTH, Ed NOWINSKI - comment on solicitations.] [Bankruptcy Judge A. Jay KRISTOL - says the credit card industry creates excessive bad debt.] [Consumer Federation of America Stephen BROBECK - talks about the industry's marketing.] [American Bankers Association Ed YINGLING - defends the legislation.]

Douglass, Linda;
Hayes, Erin;
Jennings, Peter

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