TRUTH IN LENDING BILL HEARINGS BEFORE A SUBCOMMITTEE OF THE COMMITTEE ON BANKING AND CURRENCY UNITED STATES SENATE EIGHTY-SEVENTH CONGRESS FIRST SESSION ON S. 1740 A BILL TO ASSIST IN THE PROMOTION OF ECONOMIC JULY 17, 18, 19, 20, 24, 25, 26, AND 27, 1961 Printed for the use of the Committee on Banking and Currency HEARINGS BEFORE A SUBCOMMITTEE OF THE COMMITTEE ON BANKING AND CURRENCY UNITED STATES SENATE EIGHTY-SEVENTH CONGRESS FIRST SESSION ON S. 1740 A BILL TO ASSIST IN THE PROMOTION OF ECONOMIC 73079 JULY 17, 18, 19, 20, 24, 25, 26, AND 27, 1961 Printed for the use of the Committee on Banking and Currency U.S. GOVERNMENT PRINTING OFFICE WASHINGTON: 1961 CONTENTS Barnard, Kenneth, chairman, Committee on Installment Contracts, National Better Business Bureau, Inc., and the Association of Better Business Bureaus, Inc... Beckman, Dr. Theodore N., National Retail Merchants Associa- Biemiller, Andrew J., director, Department of Legislation; accom- Boushall, Thomas C., Consumer Bankers Association. Bimson, Carl A., president; accompanied by J. O. Elmer, Harry P. Bergmann, and J. O. Brott, general counsel, American Bankers Cheever, Herbert E., vice president, First National Bank, Brookings, S. Dak.. Clayman, Jacob, administrative director, Industrial Union Depart- Crawford, Morris D., Jr., chairman, Committee on Federal Legislation, National Association of Mutual Savings Banks; accompanied by Raymond Rodgers, Lawrence U. Costiglio, Elmer H. Harmon, James H. Kohlerman, and William F. McKenna.. Elmer, J. O., American Bankers Association... Foley, William J., Maine Merchants Association, Inc. Frey, Edward J.; accompanied by Kirk Eads, manager, Taxation and Finance Department; and R. Hilton Davis, manager, Domestic Distribution Department, Chamber of Commerce of the Page 414 215 828 533 566 Fusfeld, Daniel, Michigan Consumer Association_ Gosnell, John A., National Small Business Men's Association. Grant, James W., member, national board of directors, Credit Union Haring, Albert, consultant, Ñational Retail Furniture Association_ Harris, Earl, and John A. Gosnell, National Small Business Men's Hart, Philip A., a U.S. Senator from the State of Michigan. Holthausen, Duncan McC., and Dr. Theodore N. Beckman, National Johnson, Robert W., professor of financial administration, Graduate 250 164 Martin, William McChesney, Jr., Chairman, Board of Governors; accompanied by Ralph A. Young, adviser to the Board, Federal McEwen, Rev. Robert J., S.J.; accompanied by Mrs. Martha E. 585 |