A BILL TO PROHIBIT DISCRIMINATION ON THE BASIS OF
RACE, COLOR, RELIGION, NATIONAL ORIGIN, AGE, SEX,
OR MARITAL STATUS IN THE GRANTING OF CREDIT

H.R. 14908

A BILL TO PROHIBIT DISCRIMINATION ON THE BASIS OF
SEX OR MARITAL STATUS IN THE GRANTING OF CREDIT

PART 1

JUNE 20 AND 21, 1974

Printed for the use of the Committee on Banking and Currency

LECW075

CREDIT DISCRIMINATION

HEARINGS

BEFORE THE

SUBCOMMITTEE ON CONSUMER AFFAIRS

OF THE

COMMITTEE ON BANKING AND CURRENCY
HOUSE OF REPRESENTATIVES

NINETY-THIRD CONGRESS

SECOND SESSION

ON

H.R. 14856

A BILL TO PROHIBIT DISCRIMINATION ON THE BASIS OF
RACE, COLOR, RELIGION, NATIONAL ORIGIN, AGE, SEX,
OR MARITAL STATUS IN THE GRANTING OF CREDIT

H.R. 14908

A BILL TO PROHIBIT DISCRIMINATION ON THE BASIS OF
SEX OR MARITAL STATUS IN THE GRANTING OF CREDIT

PART 1

JUNE 20 AND 21, 1974

Printed for the use of the Committee on Banking and Currency

36-910 O

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1974

For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C. 20402 - Price $4.20

COMMITTEE ON BANKING AND CURRENCY

WRIGHT PATMAN, Texas, Chairman

SUBCOMMITTEE ON CONSUMER AFFAIRS

LEONOR K. (MRS. JOHN B.) SULLIVAN, Missouri, Chairman

CONTENTS

(The same table of contents appears in parts 1 and 2)

Department of Agriculture..

Department of Commerce.

Department of Health, Education, and Welfare..

Department of Housing and Urban Development..

Department of the Interior_

Department of Justice__

Farm Credit Administration_

Federal Deposit Insurance Corporation..

Federal Home Loan Bank Board_

Federal Trade Commission__

Interstate Commerce Commission _ _

National Credit Union Administration_

Securities and Exchange Commission..

Small Business Administration__.

STATEMENTS

Page

1

129

3

17

83

80

88

87

87

83

77

75

73

76

84

81

75

82

77

Bucher, Hon. Jeffrey M., member, Board of Governors of the Federal

Reserve System.

Burris, Carol, president, Women's Lobby, Inc..

30

396

Flemming, Hon. Arthur S., Chairman, U.S. Commission on Civil Rights, and

Commissioner, Administration on Aging, Department of Health,

Education, and Welfare; accompanied by John A. Buggs, Staff Director,

U.S. Commission on Civil Rights..

131

Gates, Margaret J., codirector, Center for Women Policy Studies; accom-

panied by Nancy D. Polikoff.

Haeussler, Thomas A., president and chief executive officer, Capital

Financial Services, Inc., Columbus, Ohio, and member, board of directors,

National Consumer Finance Association; accompanied by Robert B.

Norris, general counsel, National Consumer Finance Association___.

Jenkins, Issie, Associate General Counsel, Equal Employment Opportunity

Commission_...

Kerr, Richard F., operating vice president for credit for Federated Depart-

ment Stores, Inc., on behalf of the National Retail Merchants Associa-

tion; accompanied by Alan Feldman, counsel for the association; and

Lyall Rodgers, associate corporate credit manager of Federated Depart-

ment Stores__

Kolker, Ann, legislative coordinator, National Women's Political Caucus__

Lively, Randy, director of public affairs, Sears, Roebuck & Co., Chicago,

Ill., accompanied by Randy Aires, assistant director for government

affairs, Washington, D.C...

Pottinger, Hon. J. Stanley, Assistant Attorney General, Civil Rights

Division, Department of Justice...

357

91

36

409

395

442

34

Russell, Charles T., senior vice president, National BankAmericard, Inc.,

San Francisco, Calif.; accompanied by Sharyn Campbell, Washington

counsel, National BankAmericard..

317

Scott, Ann, vice president for legislation, National Organization for Women;

accompanied by Patricia Massey, chairperson, national money and

credit committee, Women's Equity Action League..

353