House Approves Increase In Interest Rate On Small Loans
House approves a higher interest rate on small loans citing limited revenues. Young said the official can act only when revenues fall below the appropriation base, aligning authority with fiscal conditions.
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Ckansas City
Electronic Banking To Do Away With All Social Security Checks Soon
Washington reports that Social Security payments will move from paper checks to direct electronic deposits into recipients’ savings or checking accounts nationwide by year end. Georgia’s initial rollout drew 7.5 percent participation. Florida starts in April with about 25 percent. By decade’s end, officials target roughly 40 percent of payments electronically. The program follows last year’s direct mailing initiative to banks with 3.5 million signups.
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