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On July 24 the House Committee on Financial Services concluded a two-day mark up with the passage of HR 2622, the Fair and Accurate Credit Transactions Act. The bill was approved by a vote of 61-3.
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Legislation to reform the nation's bankruptcy laws has moved its way from the House floor and now awaits action in the Senate.
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Three states—New York, Rhode Island and Connecticut—introduced legislation this year to address technical errors in state law that exposed auto leasing companies to unjustifiable litigation.
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Sen. Paul Sarbanes (D-Md.) on July 28 introduced legislation to create an intergovernmental coordinating committee whose goal is to improve the financial decision making of all Americans by strengthening educational opportunities to raise financial literacy levels.
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