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The banks wanted legal changes to make it harder for bankrupt people to escape credit card debt.
Bankruptcy makes it possible to escape credit card and gambling debt but nearly impossible to escape student loan debt.
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The banking industry has been lobbying for years for an overhaul of the bankruptcy code that would make it harder for borrowers to escape their credit card bills and other debts.
The bank lost $28 billion in 2008, thanks to its exposure to the financial crisis and its inability to escape huge credit losses from consumer and corporate loans.
Recently the article "Debt Management Plan Helps Couple Escape $52,000 Credit Card Debt" was published here.
Having served as CFPB's head of enforcement prior to this week, Corday described "outrageous" stories of consumers being hurt by hidden fees and high interest rates, and described instances of unnecessarily aggressive debt collectors following around people for years, leaving them unable to escape bad credit.
Mrs. Clinton called South Africa the "economic anchor of Africa" and praised the nation's strong financial sector, which she said had mostly escaped the credit crunch that plagued much of the rest of the world.
Office workers' minds are fixed on the weekend, clock-watching, waiting perhaps for a holiday if your finances have escaped the credit crunch and rising food and fuel prices.
Yet some argue that it was here, amid the devastation of the city's great fire of 1795, that a mortgage-lending model was developed that may offer a way to thaw today's mortgage markets in America and Europe.Denmark has not escaped the credit crunch entirely.
The Misplaced Assumption That fast-growing Eastern Europe has escaped the credit crunch.
While no bank is expected to escape this summer's credit storm and slowdown in the housing market, Citigroup is expected to be particularly hard hit.
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