SIMPLIFY AND REFORM THE TRUTH IN LENDING ACT HEARINGS BEFORE THE SUBCOMMITTEE ON CONSUMER AFFAIRS OF THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS UNITED STATES SENATE NINETY-FIFTH CONGRESS FIRST SESSION ON S. 1312 TO AMEND THE TRUTH IN LENDING ACT TO FACILITATE S. 1501 TO AMEND THE TRUTH IN LENDING ACT S. 1653 TO AMEND THE TRUTH IN LENDING ACT TO FACILITATE ENFORCEMENT, AND FOR PURPOSES OTHER Philip C. Jackson, Member, Board of Governors, Federal Reserve System__ Jonathan Landers, professor, University of Illinois School of Law. Ralph Rohner, professor, Catholic University, Columbus School of Law.. Steven Permut, professor, Yale University School of Organization and Lewis H. Goldfarb, Acting Assistant Director for Special Statutes, Federal Lawrence Connell, Jr., bank commissioner, State of Connecticut.. John E. Quinn, superintendent, Maine Consumer Credit Administration__ Reuben Johnson, director of legislative services, National Farmers Union Glenn E. Heitz, president, Federal Land Bank of St. Louis, on behalf of Gerald J. Levy, Milwaukee, Wis., on behalf of the U.S. League of Savings Associations, accompanied by Joseph Salm, Technical Services Division Walter W. Vaughan, Rochester, N. Y., on behalf of the American Banker's Association, accompanied by William J. O'Connor, Jr. Robert B. Evans, general counsel, National Consumer Finance Association. R. C. Morgan, El Paso, Tex., on behalf of the Credit Union National Leslie R. Butler, Philadelphia, Pa., on behalf of the Consumer Bankers Association, accompanied by David S. Willenzik.. William A. James, Springfield, Mass., on behalf of the National Associa- tion of Mutual Savings Banks, accompanied by Louis H. Nevins, vice LIST OF WITNESSES-Continued WEDNESDAY, JULY 13-Continued William I. Levenson, Baltimore, Md., on behalf of the National Home Dan J. Griffin, Finance Business Forms, Chicago, Ill.. H. R. Lively, director of public affairs, general credit office, Sears, Roe- ADDITIONAL STATEMENTS AND DATA Agricultural loan transactions, reprints of letters requesting exemption Agristor Credit Corporation, statement and attached decision from the Consumer Federation of America, letter detailing position on truth in lend- Page 769 795 802 810 452 847 854 400 615 278 Consumer Reports, reprint of article titled, "How to Save on an Auto 517 Darr, R. A., Columbia, S.C., statement in support of removing agriculture from truth in lending. 488 Farm and Industrial Equipment Institute, statement on exemption of agricultural purpose transactions_ 856 Farm Credit Board of Baltimore, letter from William S. Jackson, director__ Federal Home Loan Bank Board, letter to Carol S. Greenwald, Massachusetts Commissioner of Banks__ 479 374 Federal Land Bank of St. Louis, subsequent letter for the record from 477 Federal Reserve Board: Letter to Comptroller of the Currency regarding the requests of the Sectional analysis of S. 1312, S. 1501, and S. 1653. 104 Federal Trade Commission, copy of loan company supervisor's instructions to branch managers on credit life insurance 139 First National City Bank, samples of old and new consumer loan notes. 938 858 Monsanto Co.. National Farm and Power Equipment Dealers Association. secretary-treasurer.. Joint statement dealing with the exemption of agricultural credit from: American Feed Manufacturers Association.. National Association of Credit Management_ Maine Department of Business Regulation, Bureau of Consumer Protection, advisory opinion on incorrect annual percentage rate disclosures-Mortgage Bankers Association of America, letter from Oliver H. Jones, executive vice president__ 876 899 899 899 899 899 899 415 881 National Association of Realtors, statement received for the record-National Automobile Dealers Association, statement received for the record. 884 904 National Bank of Washington, simplified consumer loan note.. 940 |