Consumer Bankruptcy Journal Fall 2015 - Page 9

LEGISLATIVE REPORT to work with the Consumer Financial Protection Bureau, the Department of Treasury, and others, to help us accomplish our goals. We also have provided significant assistance to the effort in California to support S.B. 308, legislation that would vastly improve the exemptions available to millions of Californians trying to save their homes and other basic property when they file for bankruptcy. Though it was approved by the Senate Judiciary Committee, Senate Appropriations Committee, the full Senate, and by the by the Assembly Judiciary and Appropriations Committees, S.B. 308 ultimately faltered on the Assembly floor. The bill had the support not only of NACBA and its CA members, but also of CA Attorney General Kamala Harris, CA Treasurer John Chiang, AARP-CA, California Labor Federation, Center for Responsible Lending (CRL), Coalition for Humane Immigrant Rights of Los Angeles, East Bay Community Law Center, Public Counsel, and the South Bay Labor Council. But, as it came closer to final passage, it attracted the aggressive opposition of the California Bankers Association, the California Credit Union League and the California Association of Collectors, representing the debt collectors/debt buyers. A number National Association of Consumer Bankruptcy Attorneys of NACBA’s California Winter 2015 members gave extraordinary support to the effort, generating dozens and even hundreds of letters to lawmakers, making calls and holding meetings with Senators and Assembly Members. These members include, but are not limited to Ike Shulman, Norma Hammes, John Colwell, Ray Schimmel, Erik Clark, Nancy Clark, Jenny Doling and Cathy Moran. The bill would not have made it as far as it did without the time, energy, strategic input and passion for the cause demonstrated by these and other NACBA members. It is expected that the bill will come back up when the Legislature reconvenes in January 2016. CONSUMER BANKRUPTCY JOURNAL 9