Pennsylvania set 15 percent top on consumer credit
Indiana Evening Gazette reports Sen. Rowland Mahany says Pennsylvania's proposed consumer credit bill would cap maximum interest at 15 percent for retail credits, the lowest in the nation, with 14.7 percent on installment plans and 14 percent on revolving accounts. The measure emphasizes full dollar charges, delinquency penalties up to 5 percent or $5, and possible fines of $1,000 plus up to a year in jail for violators, while allowing consumer restitution up to three times the loss. The bill contrasts with California law, which sets much lower monthly rates and uses dollar charges rather than simple interest. The measure, amid a broader credit debate, aims for consumer protection and disclosure.
MENTIONED IN THIS ARTICLE
Harrisburg
Pennsylvania
California
Rowland B. Mahany
R Crawford
Mahany
Senate Banking Committee
Senate
House
Scranton
Senate Republicans
Saltsburg Airman Granted Air Force Inventory Training Title
Saltsburg Airman Third Class Franklin D. McGregor son of Mrs Elaine K McDivitt of 426 Market St Saltsburg has graduated from the U S Air Force inventory management specialists course at Amarillo AFB Texas He is a Saltsburg High School graduate assigned to Dover AFB for duty with the Military Airlift Command News items mix with unrelated text about Cuba and a naval base but the readable fact remains the graduation and future assignment for McGregor.
MENTIONED IN THIS ARTICLE
Saltsburg
Franklin D. McGregor
Elaine K. McDivitt
Market St
U.S. Air Force
Amarillo Afb
Texas
McGregor
Saltsbury Joint High School
Dover Afb
Military Airlift Command
Miami
Fla
Fidel
Indiana University of Castro
Pennsylvania
Bonnie
U.S
Guantanamo Naval Base
Herman Corridont
Saltsburg Asylum
Vero Beach
Ernest
Perez Mato
Caiman
Senate
U.S. Naval
Mahany
Norfolk Sailor Richard C White Serves Aboard Navy Ship
At Norfolk Virginia USS Josephus Daniels is homeported with Guided Missile Destroyer Leader activity. Richard C White a shipfitter second class in the US Navy and son of Ros siter James White is serving aboard the vessel at Norfolk Naval Shipyard in Portsmouth Virginia.
MENTIONED IN THIS ARTICLE
Rossiter
Richard C. White
US Navy
James White
Josephus Daniels
Norfolk Naval Shipyard
Portsmouth
MIT welcomes 925 freshmen including Simpson son
Enters MIT M. Kerry Simpson son of Mr and Mrs William A Simpson of 351 South Sixth St Indiana was among the 925 freshmen entering the Massachusetts Institute of Technology last week.
MENTIONED IN THIS ARTICLE
M. Kerry Simpson
William A. Simpson
South Sixth St
Indiana
Massachusetts Institute of Technology
Cambodia accuses U.S. Vietnamese helicopters of attack
Cambodian officials stated two American Vietnamese helicopters struck a provincial guard post killing one person and wounding several others. The attack caused heavy material damage and prompted an ICCon visit to inspect the scene today.
MENTIONED IN THIS ARTICLE
Phnom Penh
Cambodia
International Control Commission For
Indochina
Hensmen
Also Mentioned on This Page
William E. Deibler
Indiana Evening Gazette
Econovan
McGill Car & Truck Leasing Corp
Indiana, PA
Ghooramars
Philadelphia St
Mink
Troutman
Soywhere
Tm USA
General Electric
Ge’s
Peterson
tereo—Television
Castro
Ours
Norfolk, Va
MIT
Gazette
Walker
Homer City
Dreamers
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