WASHINGTON (AP) – Sen. Elizabeth Warren is promising to remake the nation’s consumer bankruptcy system if elected president.
She’s returning to her political roots while also potentially picking a fight with a top rival for the Democratic presidential nomination, former Vice President Joe Biden.
The Massachusetts senator on Tuesday unveiled a plan she said would make the process of declaring bankruptcy easier and cheaper for many Americans with debts they can’t pay.
The plan also would largely undo a 2005 law that was backed by Biden and financial industry interests with a lot of political clout in his home state of Delaware.
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