Share Drafts Discussed by Iowa Banking Interests in Senate
Des Moines report notes lobbyists from Collins Credit Union and other financiers gathered in the Iowa Senate balcony as lawmakers began work on a banking bill. The measure would authorize share drafts for members, affecting 23 000 Collins Credit Union members and 3 300 share draft accounts. Debate continues after noon with interest from many financial groups.
MENTIONED IN THIS ARTICLE
Des Moines
Jim McCue
Collins Credit Union
Cedar Rapids
Iowa Senate
Senate
McCue
Mem
Senate OKs amendment curbing credit union share drafts
Banks push to block credit unions from paying interest above the passbook ceiling. The Senate approved a bank-sponsored amendment by 28 to 20 shielding banks from competition. The bill also contemplates extending the floating usury rate for home loans and denies a points restriction amendment.
MENTIONED IN THIS ARTICLE
Bers
McCue
Senate
Robert Rush
Cedar Rapids
Neil Milner
U.S. Treasury
Munro to be returned to Alabama by Iowa court
Polk County District Judge Ray Fenton ordered that convicted murderer Daniel Russell Munro be sent back to Alabama after serving his sentences here if Alabama ever releases him. Munro, 47, received concurrent life terms for the February 19, 1978 slayings of three West Des Moines teenagers while already serving a Kilby Correctional Facility life sentence from Alabama where he had escaped in 1977.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Daniel Russell Munro
Ala
Bama
Polk County
Ray Fenton
Fenton
Munro
Alabama
West Des Moines
Kilby
Montgomery
House Accepts Joint Rules Amid Behind-The-Scenes Grumbling
Des Moines reports that the Iowa House approved joint rules with notable dissent from within the majority. The Senate had already passed the rules, shifting sifting committee power to floor leaders Halvorson and Hultman and speeding end-of-session action, drawing criticism from Rep. Tofte and Rep. Byerly over reduced minority safeguards.
MENTIONED IN THIS ARTICLE
Des Moines
House of Representatives
General Assembly
Senate
Senior Tofte
R-Decorah
House
Roger Halvorson
Monona
Cal Hultman
Red Oak
Tofte
Halvorson
Richard Byerly
D-Ankeny
State files suit over surge suppressor device in Iowa
Attorney General Tom Miller said he has filed a Consumer Protection Division suit to stop International Marketing and Engineering Inc. of Roanoke Virginia from advertising and selling surge suppressors in Iowa. The devices claim to cut electric bills by up to 40 percent by controlling power surges.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Tom Miller
Consumer Protection Division
International Marketing and Engineering Inc
Roanoke
Iowa
Miller
Undersea Santa Barbara Well Sealed by Mud
Ten years ago a damaged offshore oil well near Santa Barbara was finally capped. A large volume of drilling mud filled the well to halt leaks and stabilize the site, ending a lengthy containment effort.
MENTIONED IN THIS ARTICLE
Santa Barbara
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