Committee weighs H.385 changes that would let banks pause suspected exploitation and shield debtor identities

The Judiciary committee reviewed draft amendments to H.385 that would create civil remedies for coerced debt, let financial institutions place up to a 15-business-day hold on suspicious transactions, allow courts to seal records, and require courts to withhold or vacate certain disclosures or default judgments; judges, advocates and bankers debated definitions, burdens and feasibility.