Visa U.S.A. and MasterCard International have hired the Smith-Free Group to lobby for new bankruptcy laws to prevent consumers from shirking their debts.

The lobbying firm, whose chairman is former Comptroller of the Currency James E. Smith, will press Congress to expedite court appeals and to limit the ability of debtors to shelter expensive homes and luxury assets from bankruptcy proceedings.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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