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Lending Law / Loans #6089

ABC Evening News for Tuesday, Jul 01, 1969
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(Studio) Truth in lending law says Bank or Finance Company must tell lender how much total pay back cost is.
REPORTER: Howard K. Smith

(NYC) Law to tell consumer what $ costs him. Federal government can go after loan sharks. Severe penalties for those who lie about real interest costs.
REPORTER: Gregory Jackson

Reporter(s):
Jackson, Gregory;
Smith, Howard K.
Duration:
00:01:50

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