European Stars And Stripes (Newspaper) - October 30, 1987, Darmstadt, Hesse                                Page 4 the stars and stripes Friday october 30.1987 measure requires full timely data on credit rates Washington a Consumers would be Able la compare interest Rales when applying for a credit card under legislation approved overwhelmingly by the House. The House vol cd 408- on wednesday in favor of a measure which would re quire the multimillion Dollar credit card Industry o give Consumers full and timely information on its interest rate the measure which would supersede slate Laws is aimed at forcing Down High credit card interest rates through Competition and giving Consumers a method of comparing different cards. But it docs not place a nationwide Cap on credit card interest rates. The vote came after the House rejected 3s6-56 an amendment by rep Frank Annunzio 0-llt., which would have lied inhere is rates to what the Federal govern ment pays to borrow Money. Annunzio s amendment would have prohibited credit Gran tors such As wants and retailers from charging interest on outstanding balances at a rate More than 8 percentage Points above the yield on one year Treasury securities adjusted quarterly. If such a limit were in effect today. The highest permissible rate would be 1 s.03 percent Donald g. Oglivie. Erie Cutie vice president of the american Bankers association said in a statement thai he defeat of the Annunzio amendment was a Triumph for Consumers. Placing Price controls on such a broadly competitive Industry would have Only served to restrict credit and increase the costs of obtaining credit for those still qualified Glivic said. The House approved inc pcs pro consumer proposal and one we arc pleased to support meaningful credit card disclosure so Hal Consumers can make intelligent and in formed  Joe blew president of the consumer Bankers association said in a statement after inc Vole that the Annunzio proposal was Ami consumer not pro consumer As inc Illinois Democrat claimed. Annual fees might have increased blew said. Grace periods would Proba Bly have disappeared. And Mast importantly credit standards would have tight ened those with Tower incomes Short Job histories and those with even Small blemishes on their credit records would have been  rep. Charles e. Schumer d-n.y., said the interest Rale Cap was unnecessary even though he introduced such a measure two years ago. He said Public disclosure would spark Competition and drive Down interest rates. Schumer said once Banks and department stores have to reveal their in Terest rates in ads Consumers will begin to shop around for the lowest rate. When that happens the Mere trickle of Competition that we have seen will soon turn into a flood or credit cards trying o win customers with Low  the House also passed by voice Voic an amendment by rep. Bruce Var to d minn., to require creditors to provide cardholders with a 30-Day notice before imposing a credit card renewal fee. Under the measure passed by the House credit card issuers would be required to disclose their annual percent age Rale annual fee and the Grace period the number of Days before interest charges Are levied in unpaid balances on application forms and in Telephone and written solicitations for such cards. The information would not have to be included on Consumers monthly statements or Media advertisements that do not include credit card applications. S warm in Here a photo Max Beck is � 23-year-old television production manager in Arcola i. And once he Geti Bee in by Bonnet s Honey. This particular inspiration has no stings attached null Hough it involves 190,000 bees forming a solid coat around his body. Beck is seeking o join the swarm of other notable achievement in the guinness Book of world records u the one with the most bees settling on his body. The earlier record was 70,000. Sprinkel stays As Reagan s economic aide Washington up president Reagan s chief economic adviser. Beryl Sprinkel withdrew his resignation and will be elevated to Cabinet rank the White House announced thursday. Sprinkel had planned 10 leave the White House to return to Chicago next month but Reagan asked him to stay during the current Wall Street crisis and he agreed getting the Cabinet status in return. Cabinet status entitles Sprinkel to Sil wild the Cabinet and to have a chair with a brass Marker on the Backen grave with his name Sprinkel joined Beryl Sprinkel inc administration in 1981 and has been head of the Council of economic advisers since april i. Beryl s skills which 1 tune always Greasy valued Are particularly important now Cagan said in a statement. Winfrey to show on baby s Rescue besieged by callers wanting tickets Midland Tunas a Nineteen month old Jessica Mcclure appeared before reporters thurs Day for the first time since her Rescue from an abandoned Well smiling and gurgling As her Mother held her. Jessica hospitalized in satisfactory condition with an injured right fool wore an Orange and Black halloween jumper and said to reporters trick or treat the toddler who spent if i hours trapped in a dry water Well was honoured thursday with a Parade on Jessica Mcclure Day and will be seen on Friday s edition of the Oprah Winfrey  millions of callers clogged Telephone lines for More than two hours in Hopes of getting a Seal for the show television and phone company spokesmen said. The six Telephone exchanges in the Midland Odessa area received More than 900.000 Calls be tween 9 and 11 . Wednesday. However Only a limited number of program tickets were available southwestern Dell officials said. The completed Calls represented a half million More than the exchanges Reccio in an murage Jay. A tax to spokeswoman . Davis said and More than a million Calls never made it through. The syndicated show will be taped Al inc 1,200 Scal Midland Center at 9 . And will be Broad cast live locally. Winfrey said she was thrilled with the response. I Only wish we could accommodate All 400,000 Calichs in the Midland Center inc mid but i Hope they la All be  because of the volume of incoming signals Call ers in the Midland Odessa area had up to a four minute Wail simply to get a dial Lone Davis said. Normally if you pick up a phone a dial tone will come on in three seconds she said. Alice my acc a publicist with the show said 400 tickets were offered to volunteers who helped get the Midland toddler out of the Well on oct. 16, the toddler s parents. Chip and ref a Mcclure will appear along with Keisha Knight Pulliam the Young Ilar of the Cosby show who sent Juica a Teddy Bear after her Rescue. Jessica was upgraded to satisfactory condition at Midland memorial Hospital and a live Hook up will allow her to be seen during the show. The toddler was t expected at thursday s Parade or the festivities to celebrate her Rescue but Hospital officials said she would watch from a window. Gov. Bill Clements declared thursday Jessica Mcclure Day statewide saying those who helped Jessica showed titans sense of caring compassion and concern. In san Anglo. Residents from the area signed a 6-fool-Lall get Well card that was placed on a float in the Parade. K1xy radio had the card made and news director Liu Camp said 15,000 people had signed it by thursday morning