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Credit

1991 Bank of Credit and Commerce International divests itself of 1st American Bank 1990 5 Bank of Credit and Commerce members found guilty of money 1990 2 Bank of Credit and Commerce members plea guilty to money laundering 1988 NY's MTA announces it may replace tokens with credit card type passes 1977 Bank of America adopts the name VISA for their credit cards 1974 Law bans discrimination of sex or marital status in credit application 1972 Access credit cards introduced in Great Britain 1964 IMF grants Great Britain credit of $1 billion 1957 U.S. gives Poland credit of $95 million 1954 Dean Stone gets credit for AL win, although he didn't retire a batter, he threw out Shoendienst trying to steal home, AL-11 NL-9 1952 Franklin National Bank issues 1st bank credit card 1950 Diner's Club issues its 1st credit cards 1934 Franklin D. Roosevelt signs Federal Credit Union Act, establishing Credit Unions 1933 U.S. Farm Credit Administration authorized 1909 1st credit union forms in US 1908 1st credit union in U.S. forms (Manchester NH) 1893 Abner Doubleday, credit with inventing baseball, dies on 74th birthday 1893 1st U.S. college extension courses for credit, Univ of Chicago 1873 U.S. Congress begins investigating Credit Mobilier scandal 1860 Edward Albert Filene, merchant, established U.S. credit union movement

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