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Protesters Force a Lockdown of the American Bankers Association's D.C. Offices

March 23, 2009 - Posted by Tyler Lewis

Five hundred protesters forced a lockdown of the American Bankers Association (ABA) offices today.

The protesters, from community organizing group called National People's Action, are upset with the ABA for lobbying against the Helping Families Save Their Homes in Bankruptcy Act, a bill that will help struggling homeowners keep their homes by giving bankruptcy judges the authority to rework home mortgages on family homes to an affordable value.

Currently, bankruptcy judges are permitted to modify mortgages on second homes and most other debts, but not mortgages on primary homes.

The bill passed the House of Representatives on March 5 and is currently pending in the Senate.

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