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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 20, 2009
Page
4
The Senate passed a bill requiring 45 days notice before interest changes and limiting over limit fees. It targets under 21 borrowers needing proof of repayment ability and bans universal default practices, while phasing in July 2010 rules to curb surprise card costs.
The insurer plans six new board nominees ahead of its June 30 annual meeting. Current board members include Ed Liddy as chair and CEO. Regulators press for governance reforms after AIG received 182.5 billion in government support and paid large bonuses.
President Obama outlines a plan to raise fleet fuel efficiency to 35.5 mpg by 2016 with cars at 39 mpg and light trucks at 30 mpg. The proposal raises vehicle costs by about 1300 dollars but promises fuel savings, oil imports cuts, and a single national standard while easing state restrictions.
Readers invited to submit notices about new Lorain County businesses. Include business name location opening date purpose contact person and optional photo. Submissions to the chronicler email are requested for feature consideration.
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