Word: brobeck
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Dates: during 1980-1989
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...town on a rail." Indeed, the new fees have infuriated politicians and consumer advocates. They maintain that the charges usually hit individuals with $1,000 or less in their accounts, while wealthy depositors pay almost no fees and receive lavish services. Contends Stephen Brobeck, executive director of the Consumer Federation of America: "We are witnessing an increasing denial of banking services to the poor. The trend is toward serving the rich and ignoring the rest...
Both sides agree that what is crimping the consumer movement most is rising worries about broader economic problems. Says President Reagan's consumer adviser Virginia Knauer: "Inflation is the No. 1 consumer concern. It is what the election was all about." Agrees Stephen Brobeck, executive director of the Consumer Federation of America: "We underestimated people's concern with their economic condition. The main issue for most people now is one of economic survival...