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Credit rule costs sparks protest at Fed hearing
Sears Roebuck and other creditors warn new anti discrimination credit rules will raise prices and inflate costs, with Sears estimating 166.75 million dollars in initial year expenses. Lively argues compliance subsidies lift consumer prices and fuel inflation while lenders seek limited recording changes for joint accounts.
MENTIONED IN THIS ARTICLE
Washington
Sears Roebuck
Ilr
Lively
Sears
Federal Reserve Board
Congress
American Banking Association
National Retail Merchants Association
Susan Onaitis
National Organization For Women
Jeffery M. Bucher
Federal Reserve
Marcia D. Greenberger
Center For Law and Social Policy
Bucher