Saturday, September 13, 2008

Obama proposes bankruptcy changes

He also promised to enact a 120-day moratorium "on adverse credit actions from collectors, such as foreclosure" to free families from concerns about debt collectors while trying to recover. His campaign said he would also amend the Equal Credit Opportunity Act, which bars discrimination in lending, to include protection for disaster victims, so that lenders do not unfairly restrict credit to such families.

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