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Article: Why Credit Unions Need To Continue To Support Bankruptcy Reform.(urges credit union industry to support bankruptcy reform bill)(Editorial)
- Article from:
- Credit Union Journal
- Article date:
- February 24, 2003
- Author:
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What's in a name? In politics, sometimes quite a bit. After the 106th Congress ended in late 2000, CUNA went to Congressman George Gekas, then champion of the bankruptcy reform bill that had passed both chambers of Congress only to die because of a veto, with a simple yet profound suggestion: Change the name of the bill.
Up until then, the legislation had been called simply "bankruptcy reform." But what was apparent to CUNA lobbyists, as well as league and credit union activists who carried first-hand stories of members who file for bankruptcy protection despite having the means to repay some (if not all) of their debts, was the reality that "abuse" was the ...