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Banks oppose sex based credit rules cost to Sears
Washington Sears Roebuck warned the new anti discrimination in credit rules could cost the firm about 166 million dollars, with yearly costs rising to 20 million. Creditors object to requiring all accounts in both spouses names, saying it inflates prices and burdens computer systems. Society groups back the rules as overdue reform and urge tighter standards.
MENTIONED IN THIS ARTICLE
Washington
UPL
Sears Roebuck
ILR
Lively
Sears
Federal Reserve Board
Congress
American Banking Association
National Retail Merchants Association
Sear
Susan Onaitis
National Organization For Women
Jeffery M. Bucher
Federal Reserve
Marcia D. Greenberger
Center For Law and Social Policy
Bucher
Larkin