European Stars and Stripes (Newspaper) - May 24, 1968, Darmstadt, Hesse                                May 24, i the stars and stripes fag s Hided crackdown on loan Sharks truth in lending measure wednesday passed Ina truth in lending by Hanks and stores to Tel dearly and cons Pic v How much they must Ayo borrow Money or buy e  measure Jet to president Johnson Morffi signature also was a med at of scourging loan shark my Orar Ging exorbitant interest c to Tor Loans and contained a first Federal limitation Onna Check garnishment. A s y in William Proxmire Dis its chief sponsor in the sate said the legislation would help Consumers without harming business american families now owe $100 billion a year and they Layover $13 billion a year in interest he said. This will increase Competition among creditors and Consumers can save millions or even billions a year through lower interest  the credit and finance term must be stated As a yearly percentage and for mos purchases and Loans the total amount of finance charges Mustbe spelled out in dollars. These requirements would go into effect july 1, 1969. The Bill also carried a pro vision against loan Sharks Mak ing it a Federal crime to make Loans at exorbitant interest rates. Such Loans Are a Prim source of funds for syndicated crime and Congress last wee heard witnesses testifying be Hind masks to hide their identity Tell of terroristic tactics used to collect High interest. The Bill was first proposed eight years ago by former sen. Paul Douglas d-i11., a onetime professor of economics. Presi Dent Johnson put the measure at the top of his list of priority Bills to help Consumers. The measure will Tell Ameri cans the extra costs of buying Homes cars and appliances on credit. The loan sharking crackdown tacked on by the republicans carried a maximum penalty of 20 years in prison and a $10,000 other provisions of the Bill include garnishment this will be the first Federal Law limiting wage garnishment the procedure under which a shipowner Orbank can take a Man s salary to satisfy debts often forcing him into bankruptcy. The Bill would exempt from Garnish ment 75 per cent of a debtor s weekly take Home pay or the first $49 in pay whichever is  advertising any published or broadcast advertise ment would have to spell out finance charges and interest rates if any figures Are  would eliminate the $1 Down $1 a week advertisement without precise credit charges. An advertisement not using figures however would be exempt from spelling out the interest. Revolving credit department stores having open end accounts where customers pay so much each month on their charge accounts would have to reveal an annual interest charge. They May also show the smaller monthly rate. This was a major controversy that was worked out that delayed the Bill s passage for several years. Commission a National com Mission would be established to make a two year study of credit costs. Daring Helaine Michael Waves to six fellow airline stewardesses while Riding atop Vintage Tiger Moth biplane at High Wycombe  girls Are auditioning for parts in an air show. A Gen. Palmer May move to Pentagon Washington a a to Vietnam commander is expected to return to Washington i what May signal a series of High level army officer shifts linked to Gen. William c. Westmore land s move to the  said wednesday pres ident Johnson is weighing Pentagon recommendation that it. Gen. Bruce Palmer who has been in Vietnam one year be made the army s vice chief of  has been appointed to succeed retiring  k. Johnson As chief of staff in  currently serves As Deputy commanding general of the army in Vietnam and has been responsible for much of the Day to Day detail of War of  sources expect other general officer transfers a Westmoreland takes Over the Pentagon s third floor army  officers Are expected to be reassigned As a matter of routine but others according to informed military men will be leaving because they Are not enthusiastic about Westy a Way of operating. Call my wife and wish her a Happy St. Louis a j. Robert Devous celebrating his 20th wedding anniversary wednes Day handed out Flowers to pedestrians in the downtown St. Louis business District. He asked recipients to Call his wife an wish her a Happy anniversary. They did and the Telephone never stopped ringing said mrs. Devous. The unusual Way her42-year-old husband chose to celebrate came As a Surpris nut mrs. Devous admitted lie Nas made married life very exciting by doing Spur of the moment things. He s in love in t he said mrs. Devous to one caller. She had a Surprise for her husband his favorite dinner i died Chicken and Strawberry Shortcake. Devous an insurance agent and his wife have six children. Iti la pm Tolj it Mem m9 my. �7 Wagner to get Spain Post. To. I 1i n. T\1t v /\1l new York a the Spanish government has agreed to the nomination of Robert f. Wagner former democratic mayor of new York City As am Moon maps better than maps of Iowa Iowa City Iowa up a prominent space scientist says the maps which have been made of the Moon Are better and More detailed than any existing maps of . James Van Allen disco Eror of the Van Allen radiation belts said 100 per cent of the Moon s face and 99 per cent of its Back have been mapped. He told about 150 students an teachers at a . Army nation Al science and humanities symposium the next step for space probes is the planets neighbor ing the Earth. Bassadore to Spain the new Yor times reported thursday from Washington. The times quoted unnamed diplomatic sources that wag Are s name had been submitted recently by president Johnson after fran e. Mckinney the ambassador designate suffered a heart attack. Wagner said he had not yet heard the Spanish government s acceptance of his nomination and declined to say directly whether he had been nominated. Wagner 58, would succeed Angier diddle Duke who had been ambassador to Madrid for three years until he retired april1 to resume his previous duties As chief of protocol at the stat department. Wagner retired about three years ago from Newyork s City Hall and then saw his influence in the democratic party Here decline with the Rise of new York s Junior senator Robert f. Kennedy. Robert f.  Back in news it. Gen. Bruce Palmer i expect you la see generals leaving this place like mad when Westy comes in one offi cer _ a Westmoreland admirer observed. In the first place he will want to work with his own people. And second som Guys just Don t like his a  said another Young major the troops in the Field simply adore Westmoreland. But any Man who makes it so fast and moves ahead of his contemporaries is bound to cause some  is said to favor the move for Palmer a 55-Vear-old texan who commanded  paratroops in the 1965 dominican crisis. In the new of Palmer would get a fourth , word that Palmer is being replaced got put in and Vance of any indication where he would be going. With Abrams his successor the Pentagon announced tuesday will be it. Gen. Frank t. Mildren currently com manding general of the army s Vii corps near Stuttgart Ger a Muren will be working under Gen. Creighton w. Abrams Westmoreland s appointed Suc Cessor. ,. Westmoreland graduated from West Point in 1936 and waste first Man in his class to make general. He has steadily moved upward through important army slots and his popular Ity peaked while he helped direct the Vietnam buildup