ABC Evening News for Thursday, Aug 28, 1975
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(Studio) FTC (Federal Trade Commission) tentatively accepts consent agreement in which funeral home chain, Service Corporation International, refunds $100,000 to customers it overcharged. FTC (Federal Trade Commission) to bring industry under federal supervision.
REPORTER: Harry Reasoner
(DC) 22,000 funeral homes to take in $2 billion this year at average price of $1,200 per funeral. FTC (Federal Trade Commission) says no price competition and some practices take advantage of bereaved clients. [FTC J. Thomas ROSCH - uncovered practice of moving consumer to top of price range. Consumer must shop on take-it-or-leave-it practice.] [President National Funeral Dirs. Association Edward FITZGERALD - would like to get rid of scalawags in business] To be year or 2 before new rules begin.
REPORTER: Vic Ratner
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