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Money Matters: Credit Cards, E.F. Hutton, Stock Market #92919

ABC Evening News for Tuesday, Oct 29, 1985
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(Studio) Report introduced
REPORTER: Peter Jennings

(NYC) Criticism of banks interest rates on credit cards examined; interest rates since 1981 graphed on screen. [Representatives Frank ANNUNZIO, Mario BIAGGI - criticize banks as exploiting credit addicts.] [American Bankers Association spokesperson David HUNT - defs. industry] [Consumer David PINCUS - prefers credit.] Mfrs. Hanover mentioned recently cutting its credit card interest rates.
REPORTER: Dan Cordtz

(Studio) E.F. Hutton's guilty plea for worthless check scheme recalled. SEC reported placing company on probation and requiring it to reimburse some customers; details given. STK. MKT. REPORT
REPORTER: Peter Jennings

Cordtz, Dan;
Jennings, Peter

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