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Credit Card Interest Rates #314943

CBS Evening News for Wednesday, Mar 25, 1987
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(Studio: Dan Rather) Report introduced.

(NYC: Charles Osgood) Int. rate war begun by American Express with issuance of its new credit card Optima examined; possible anti-trust violations of Visa with its anti-American Express campaign noted. [CARDHOLDER - comments.] VISA International chairperson Charles Russell's letter to participating banks quoted on screen. [Representative Charles SCHUMER -accuses Russell of encouraging antitrust action.] [RUSSELL - defs. action.] [American Express spokesperson Edwin COOPERMAN - comments.] Credit card interest rate since 1981 graphed on screen. [Senator Christopher DODD - believes credit card companies will evade ceiling on interest rates.] Arkansas's interest rate noted. [Bank spokesperson Robert DILL - cites business' status.] [COOPERMAN - comments.]

Reporter(s):
Osgood, Charles;
Rather, Dan
Duration:
00:02:30

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