Lawmakers May 3 1984
Lawmakers May 3 1984
Lawmakers May 3, 1984
Lawmakers May 3 1984
Paul Duke introduces report on bank deregulation and consumer interests.
Lawmakers May 3 1984
Do Not Use Music Soundtrack. Sheaf of bills, pile of pennies, hands counting bills, customer removing money from ATM.
Lawmakers May 3 1984
Do Not Use Music Soundtrack. Exterior of bank with Greek columns.
Lawmakers May 3 1984
Bank interior with customers waiting in line, customers sitting at desks with bank representatives
Lawmakers May 3 1984
Representative Fernand St. Germain (D - Rhode Island), chair of House Banking Committee, We want to ensure that the consumer issues and thoughts and the welfare of the consumer is included in this because up until this time we ve only heard from the financial industry, the institutions who want the changes for their benefit.
Lawmakers May 3 1984
House Banking Committee in hearing. Bankers in audience of Committee hearing.
Lawmakers May 3 1984
Luther Hodges, National Bank of Washington in office, Bank service charges have gone up significantly, some would say dramatically and people are writing about that. What has gone up dramatically is interest paid to the consumer through deregulation. And there is no doubt that banks are now making the consumer pay for service that were previously provide at little or no cost.
Lawmakers May 3 1984
Denis O'Toole, American Bankers Association, Any time you have a government imposed price control and then you take it off, I think that the market will always have to do some readjustment. And that s really the period that we re in right now.
Lawmakers May 3 1984
Exterior of a large urban bank. Customers entering the bank.
Lawmakers May 3 1984
Man outside bank, complains about delays in checks clearing.
Lawmakers May 3 1984
Denis O'Toole, American Bankers Association, The question the consumer should ask is - if it s an interest bearing account, am I being paid interest from the day I deposit it until the day I get good use of my money? If they are getting interest paid, then I don t think they have anything to be particularly aggrieved about.
Lawmakers May 3 1984
Bank machine for check processing.
Lawmakers May 3 1984
Representative Fernand St. Germain (D - Rhode Island), They (American Bankers Association) are the best funded organization around. They ve got a computer network. They can get letters and telegrams messages and to their constituent banks around the country in a matter of 2 hours. Boy, they are very wealthy.
Lawmakers May 3 1984
Denis O'Toole, American Bankers Association, Well, I always like the people that say we re powerful. It s sort of like the New York Yankees and Notre Dame and those kind of people. You can watch those games and you can see how fast their power has gone away from them. So, our power, I think, is a little bit overblown.
Lawmakers May 3 1984
Exterior of large urban bank with tall columns.
Lawmakers May 3 1984
DO NOT USE Promotional film by the American Bankers Association, business-speak advocacy of consolidation, synergy, etc.
Lawmakers May 3 1984
Representative Fernand St. Germain (D - Rhode Island), They want to go to a bank to borrow money and to deposit money. They want to go to a brokerage firm to get their stocks and bonds. They want to go to an insurance agent and have that personal relationship.
Lawmakers May 3 1984
Inside a bank, bank tellers assist the customers.
Lawmakers May 3 1984
Representative Fernand St. Germain (D - Rhode Island), All I want them (banks) to do is be fair.