Consumers gain rights under new credit billing law
Washington AP outlines the Fair Credit Billing Act taking effect October 28. Credit users will receive a rights notice with first post October bill and twice yearly thereafter. The document details filing a billing error claim in writing within 60 days, creditor acknowledgment in 30 days, and 60 days to correct or explain. If disputed then 10 days to file objections, and during dispute the lender cannot report to credit agencies or pursue collection actions. If the issuer deems the charge valid, reporting to agencies may occur with dispute noted.
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Ford opposes busing amendment in desegregation debate
President Ford tells Chicago Sun Times he does not back a constitutional ban on mass busing for school desegregation and has not decided if the administration should push desegregation legislation. He supports more court flexibility and adherence to 1974 busing guidance while promoting fiscal responsibility and local control.
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Auto sales rise at GM lifts U.S. auto pace in early September
General Motors leads a rebound in U.S. auto sales for Sept 1-10, bringing the industry within 7.5 percent of year-ago levels. Ford improves to a distant second best for 15 years, while Chrysler falls 2 percent and American Motors drops 14.5 percent. total sales reach 150,241 cars across eight days, with prices rising for 1976 models but not enough to trigger a full buying surge.
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GM launches Chevette
General Motors unveiled America's first modern minicar the Chevette in response to rising import market share. The two model entry priced from 2900 dollars features a four cylinder engine and up to 30 miles per gallon city and highway, with a 158.7 inch length and 1985 pound weight.
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New York teachers near accord on city schools
After seven hours of talks key negotiators for New York City Public Schools and 65,000 teachers presented a tentative settlement to their full teams. If approved, delegates and then rank and file would vote, with hopes of students returning by Wednesday as Chicago and eight other states remain affected by strikes. Albert Shanker and other union leaders face sentencing in a court case tied to the New York strike.
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New Hampshire Voters Decide Senate Runoff Between Durkin and Wyman
Voters in Concord and across New Hampshire pick between Democrat John A. Durkin and Republican Louis C. Wyman in a historic rerun of the closest U.S. Senate race. Polls open early, close by 8 p.m., turnout expected below last November’s 223,000 after a Senate ordered redo following three differing final tallies.
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FTC accuses Safeway of overcharging on ads
The FTC charges Safeway Stores with pricing errors on advertised sale items across many stores. Safeway admits some overcharges due to human error and notes the survey covered 56 stores with fewer than 150 of 10,000 items priced above ad. The proposed order would require sale prices to be marked and displayed at entrances and checkouts except when prices depend on order value or coupons.
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Potomac pumping station to ease water shortage
Washington hinges on emergency Potomac pumping and pilot estuary plant as rainfall delays shortfall. The Chain Bridge station could supply up to 100 million gallons daily, using lower quality estuary water only when needed, amid past opposition to upstream dam projects.
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