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	<title><![CDATA[Banks asking for credit card debt forgiveness]]></title>
	<url>http://www.huffingtonpost.com/2008/10/30/banks-asking-for-credit-c_n_139478.html</url>
	<abstract><![CDATA[<p>WASHINGTON &amp;mdash; With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit card bills.</p>

<p>Big banks have formed an unusual alliance with consumer advocates to urge the government to allow huge portions of credit card debt to be forgiven, a turnabout from recent years when the banking industry lobbied strenuously to make it harder for consumers to erase their credit card debts in bankruptcy.</p>]]></abstract>
	<taxonomy><![CDATA[Business]]></taxonomy>
	<date_published>2008-11-30T05:12:00-05:00</date_published>
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