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The Chronicle Telegram in Elyria, Ohio

06 Jul 1986

Page 5

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The Chronicle Telegram July 6, 1986 Page 5 old newspaper archives

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 06, 1986

Page

5

Low-interest credit cards with strings attached

Consumers and politicians push for lower card rates while lenders add fees tighter credit rules and shorter grace periods. Goldome cuts Visa to 13 percent by removing grace, Wells Fargo offers 17 percent for long-time customers, and Home Plan Savings promotes 12.9 percent for qualified clients as banks respond to rate pressure and risk concerns.

MENTIONED IN THIS ARTICLE

Bill Menezes Associated Press New York Visa MasterCard Marc Chodorow Goldome Bank Rate Monitor Newsletter Bank Credit Card Observer Newsletter John Crothers Pollock II Pollock Arkansas John McCleary Home Plan Savings Des Moines Iowa Home Plan McCleary Buffalo N.Y San Fro Wells Fargo Bank Virgo Wells Fargo
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Tax preparers face loss of deduction under overhaul bills

Taxpayers would no longer deduct fees paid to professionals for preparing returns under either House or Senate tax overhaul drafts. Middle and upper income filers could see 25 to 50 percent hikes in preparation costs, as the deduction is removed. Professionals warn of higher mistakes and IRS workload, while advocates say simpler forms reduce need for help.

MENTIONED IN THIS ARTICLE

Douglas Harbrecht Scripps Howard News Service Washington House Senate al Golato H&r Block United States Internal Revenue Service
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Also Mentioned on This Page

Chodorow Syracuse Congressional Joint Committee On Taxation Gelato IRS John Withers Touche Ross Cincinnati Phoenix Greensboro N.C Rod Young Uus Elyria Center-Lorain Elyria Area Centel- Lorain L.M. Berry & Co Reray The Loean Mid-Ohio Securities Corp Mambert i Daclereine Myga Pork Plaza Brand St. Byrie Avan Wneas Pasi Dig NILE Sue Oi Midway Blvd Highee NO. Olmsted Lorain RD
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