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Port Angeles Daily News Newspaper Archives Sep 20 1976, Page 7

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Daily News, The (Newspaper) - September 20, 1976, Port Angeles, Washington Low now Bons credit bios regarding sex by the associated press a growing number of women Are applying for and getting credit in their own names these but Industry officials say it is too Early to measure the full Impact of a 1975 Law prohibiting creditors from discriminating on the basis of sex or marital a spokesman for master charge the largest of the Bank credit cards with just Over 37 million cardholders said women held per cent of All master charge cards in by the end of women held per of master charge an increase of almost a there Are no figures available for the master charge spokesman said he could not determine the full effect of the ant discrimination Law the equal credit Opportunity act because some provisions have not yet been american with Over reported that from september 1975 to june per cent of All new members were women with accounts in their own figures for the same period a year earlier showed Only 16 per cent of All new members were president of commercial credit with 750 offices across the said we have had some increase in loan applications from women since the Law was but he had no exact i dont think its been dramatic he theres a Lack of awareness by the Federal Reserve Board recently announced a seven month delay in the effective Date of one key provision involving credit credit history is the record of your dealings with a creditor How much you have borrowed or How frequently you paid the information is forwarded to credit bureaus by card stores and others you Deal when you apply for new the record will be used to decide How Good a risk you in the lenders reporting to credit bureaus on accounts used by both a husband and wife usually listed in the information in the mans name a woman who was divorced or widowed had no credit history and therefore was turned Down if she asked for a charge loan or other Type of credit in her own even a woman who established a credit history while she was single and then lost her credit under the equal credit Opportunity creditors must list information on All new joint accounts in both they must provide separate listings on existing accounts if asked to do the provision was to take effect 1976 but was delayed until june 1 to allow lenders and credit bureaus More time to Joseph executive vice president of diners said he believed the regulation will have a very favourable Impact for but added its going to take a Garcia said the number of women applying for diners club cards had not really increased since the equal credit Opportunity act took most of the abuses dealt with younger he our Type of person is pretty Well our Market is generally women executives with an income Over Martin of commercial credit the Impact is going to come on married he added that he believed single women always had fewer problems establishing credit in their own the delay in implementing the credit history regulation has caused problems for the Federal Trade commission which enforces the a spokesman said the commission printed about copies of a pamphlet on the Law for distribution through the Etc and the consumer information the pamphlet Roar Richards Norma Turner says Bee kit has Wor u de hard o oppose an Dilport and will cot line to do Vul equally import t he h a i p i e d y e d to k Hai d o clean new induct y and in suite will i is a Man Ron Richards county commissioner Kiili k i Kimii the Cuin Puiyin Tond of Kun Kiihul Box 1 125 pull a Iyul by Kobi ii Chuili Man includes the no erroneous 1 Date and the Etc has to put out correction slips for distribution with the original the Federal Reserve system is preparing its own information Booklet on the but it will not be issued until final details of All provisions have been worked the Etc Pamphil by writing the p just remember the Date has been Chang among other pro already in effect a the daily port 1976 too Early to gauge Impact of credit liberation is available free timer information the 1976 d to june Sions of the May not discourage applications on the basis of sex or marital status nor May they use sex or marital status As a basis for refusing to Grant you May open an account in your Maiden name even if you Are May not ask your marital status unless both spouses will use the there Are some creditors May ask about marital status in Community property states or where state Law requires such information in connection with regulations governing finance charges or loan May not ask about birth control plans or assume that because of a woman age she May drop out of the labor Force to have a with certain creditors May not close an account because of a change in marital school funding problems can be solved without giving up local controls August 1976 Harley Hoppe believes you have a right to know exactly where every candidate stands on the you know where he stands on school Harley Hoppe believes limited special levies should be Only As a supplement to state funding Only for special programs at local he believes in returning to the arithmetic and science Sand that Basic education should be fully funded by our he feels too Many dollars Are spent on progressive More Money does not necessarily guarantee better Quality Harley Hoppe believes in local control not state control of local through local levies for special Arley Hoppe Good decisions for the paid for by the Harley Hoppe Lor governor committee 206 Pine Street Seattle Washington Cecil l finance

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