Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Senate hearing signals bankruptcy interest
WASHINGTON (12/2/08)—The Senate Judiciary Committee has scheduled a field hearing Thursday on “Credit Cards and Bankruptcy: Opportunities for Reform.” The hearing will be conducted at Rhode Island College in Providence and will feature a panel of the following four witnesses:
* John Rao, an attorney with the National Consumer Law Center; * U.S. Bankruptcy Court Judge Thomas Small, from the eastern district of North Carolina; * Robert Lawless, a professor of law from the University of Illinois; and * Associate Professor of Law John Chung, from Roger Williams University.
Ryan Donovan, vice president of legislative affairs for the Credit Union National Association, said the hearing can be viewed as a harbinger of things to come in the 111th U.S. Congress. “We fully anticipate Congress will take a very close look at the bankruptcy code. While the focus of the bankruptcy discussion in Congress most recently has revolved around mortgage cramdown proposals, this hearing and others indicate there may be an appetite to go further in the new Congress,” Donovan said. In October the Judiciary panel conducted a two-part field hearing titled “Keeping Families in Their Home: How to Prevent Foreclosures” in Pennsylvania. Part I was held in Pittsburgh, Part II in Philadelphia.


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
1 Day ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
1 Day ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
1 Day ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
1 Day ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
1 Day ago