After several false starts, the Senate is expected to vote on consumer bankruptcy reform legislation this week.

On Thursday the Senate unanimously agreed to add Roth individual retirement accounts and other retirement savings to the list of assets that may not be seized by creditors. The Senate voted 52-to-47 for an amendment from Sen. Jack Reed, R-R.I., to bar credit card issuers from canceling cards of customers who pay their monthly bills in full or imposing annual fees on those customers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.