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MARCH/APRIL 2005

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AFSA applauds the bipartisan efforts of Congress to reform the bankruptcy system in America by passing S.256, "The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005," on April 14th.
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AFSA applauds the passage of the Class Action Fairness Act by both the House and Senate, and the subsequent signing into law by President Bush in February.
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The bipartisan New Responsible Lending Act was put forth by Representatives Bob Ney (R-OH) and Paul Kanjorski (D-PA) to protect borrowers from abusive mortgage lending practices.
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On March 16 the General Accounting Office (GAO) released a report mandated by the FACT Act on consumers' understanding of their credit scores. The GAO surveyed 1,578 consumers.
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