U.S. expands ban on credit discrimination rules issued
Washington AP final regulations ban credit discrimination based on race color religion and age with the right to know why credit was denied. Applies to banks savings and loan associations and department stores and takes effect March 23. Regulations require written reasons for denial and age race sex and marital status data on some mortgage applications with penalties for arbitrary decisions. Multiple agencies will enforce the new rules.
MENTIONED IN THIS ARTICLE
Washington
Jewill
Savings ‘Land
Ea Federal Reserve ‘Sboard
Neil Butler
Congress
Janet Hart
Board
Division of Consumer Affairs
Ford plan to end gas control faces Democratic opposition
VAIL Colo AP President Ford moves to end federal price controls on gasoline. A Democratic Congress may block the plan. Ford aides say decontrol would have little effect at the pump, while opponents warn of possible price hikes up to six cents per gallon. The Energy Administration projects a two cent rise for unleaded fuels, lifting national gasoline costs by about 130 million dollars daily. Congress reconvenes January 4 to decide before Carter's inauguration. Rep Morris Udall denounces the proposal as unfair and inflationary.
MENTIONED IN THIS ARTICLE
Vail
Colo
Ford
John Carlson
Federal Energy Administration
United States
Carlson
Congress
Elect Carter
Morris Udall
Dariz
Udall
U S oil use hits new December record
The Federal Energy Administration reports U S oil demand averaged about 19 132 000 barrels a day in the four weeks ending Dec 17, surpassing February 1973’s 19 094 000 barrel daily peak as colder eastern weather drives higher fuel oil use for heating and power. The Weather Service warns January will likely bring below normal temperatures in the east.
MENTIONED IN THIS ARTICLE
Washington
Weather Bureau
Federal Energy
U.S
FEA
National Weather Service
Meat prices seen rising in 1977 but labeled reasonable
The American Meat Institute and Agriculture Department project higher meat costs in 1977. Retail beef and pork prices are expected to average about 10 cents per pound above 1976, with daily highs possibly set but still within a “reasonable” range. Cattle supplies shrink as herd sizes fall from 128 million to an estimated 118 million next year, guiding prices.
MENTIONED IN THIS ARTICLE
American Meat Institute
Association of Meat Packers and Wholesalers
Agriculture Department
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Weston
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