Illinois Professor's Senate Testimony Puts BAPCPA in Perspective

Posted on December 8, 2006 by Kevin Chern Esq.

University of Illinois Law Professor Bob Lawless had a lot of worthwhile things to say before the U.S. Senate this week, but his opening line pretty much says it all: 

"Although the new law was called the Bankruptcy Abuse Prevention and Consumer Protection Act or BAPCPA, it addressed abuses that did not exist and protected the credit industry instead of consumers."

Lawless's account of his Washington experience began today on the Credit Slips blog, and he's promised more specifics to come.  The full text of his testimony is available here:  BAPCPA Testimony of Professor Robert Lawless.

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