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Economy / Interest Rates #302767

CBS Evening News for Monday, Mar 04, 1985
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(Studio) Report introduced
REPORTER: Dan Rather

(NYC) High credit card interest rates examined. [PEOPLE - express ignorance about rate they pay on credit cards.] [Fort Lee First National Bank spokesperson Carmen TRIMARCHI - note consumers can affect interest rates by not using credit cards.] Banks' rationale for maintaining high credit card interest rates discussed. [Consumer Federal of America spokesperson Steve BROBECK - accuses banks of using such interest rates to pay off its poor investments.] Related statistics outlined on screen. [Amalgamated Bank spokesperson Edward KATZ - thinks banks' rates are too high.] [Banking newsletter publisher Bob HEADY - doesn't foresee change.]
REPORTER: Jane Bryant Quinn

Reporter(s):
Quinn, Jane Bryant;
Rather, Dan
Duration:
00:02:40

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