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In Depth (Taking Charge) Part II #775828

NBC Evening News for Tuesday, Jan 04, 2005
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(Studio: Lester Holt) Series on consumer debt continued.

(New York: Anne Thompson) Skyrocketing credit card interest rates & fees examined; details given of the move to outlaw universal default, a rate hike imposed for late payments; American Bankers Assn. statement quoted. [Sioux Falls Area Chamber of Commerce Dan NELSON†- says South Dakota has never been much on government regulation.] [US Public Interest Research Group Ed MIERZWINSKI†- says credit card companies have moved to states with weak consumer protection laws.] [Senator Christopher DODD††- comments on the political influence of the top banks.]

Holt, Lester;
Thompson, Anne

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