Memo to Congress Fix Needed on New Best Interest Test in 1325(b)
The last time I wrote a column was shortly after the birth of my son. Since then, I’ve been delightfully occupied with the all-important task of raising Harrison, who I am happy to report is a bright, handsome and happy little guy (don’t worry, I won’t inflict pictures
Senate Committee Examines Credit Card Industry Marketing
Senate Banking Committee members criticized a number of credit card industry marketing and fee practices during an oversight hearing on May 17. Several members of the committee, including committee chair Richard Shelby (R-Ala.), expressed concern about very high default
Consumer Debt Collection FDCPA Traps for the Unwary Nationwide Lender Loan Servicer Debt Collector Part II
State Debt Collection Laws The federal Fair Debt Collection Practices Act (FDCPA) applies to debt-collection practices throughout the nation, even those that are purely intrastate in nature, and thus it essentially is a "uniform" law in every state. However, state laws
Legislative Update S. 256 Summary of Changes Affecting Individual Bankruptcy Cases
This month's Update contains excerpts from a synopsis of S. 256, prepared by Thomas J. Yerbich, vice chair of ABI's Consumer Bankruptcy Committee. The excerpt covers changes made to chapters 7, 11 and 13, debtor's duties, exemptions, exclusions, claims, nondischargeable