Tag Archive: consumer protection act

History of BAPCPA: Special Interest Legislation at Its Worst

BAPCPA (Bankruptcy Abuse Prevention And Consumer Protection Act Of 2005) has been characterized as among the best (or worst depending on point of view) examples of special interest federal legislation ever passed by Congress. The act’s history is important: Under pressure from creditor lobbying efforts, Congress and the Clinton administration in 1994 funded a bi-partisan…

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