Editorial: Standing Up to the Credit Card Industry
"After crudely rejecting proposals to protect elderly, sick and low-income Americans, the Senate is ready to approve a regressive overhaul of the personal bankruptcy law that buys into the banking and credit card industries' scheme to further squeeze the consumers caught in spiraling debt. The Republican leadership, fiercely defeating attempts at balance for the more debt-stricken consumers, is pushing toward final votes this week.
The last stand for opponents will probably be a proposed amendment to prevent anti-abortion zealots and others convicted of violent protests from declaring personal bankruptcy as a ploy to avoid paying court-ordered fines. The senators have already rejected many worthy amendments in their effort to move the bill untouched to the House, where Republicans are no less eager to do the credit industry's bidding. But we hope that this one, sponsored by Senator Charles Schumer of New York, stirs some controversy."
The last stand for opponents will probably be a proposed amendment to prevent anti-abortion zealots and others convicted of violent protests from declaring personal bankruptcy as a ploy to avoid paying court-ordered fines. The senators have already rejected many worthy amendments in their effort to move the bill untouched to the House, where Republicans are no less eager to do the credit industry's bidding. But we hope that this one, sponsored by Senator Charles Schumer of New York, stirs some controversy."
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