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A group of Democratic lawmakers are proposing a bill that would make it easier for people who got rid of credit card debt using bankruptcy to fix inaccurate credit reports that don't reflect they have earned a clean financial slate, Dow Jones Daily Bankruptcy Review reported today. Sen. Sherrod Brown (D-Ohio) introduced a bill that would force major banks and other creditors to notify credit reporting agencies when a person's debt has been canceled by a bankruptcy judge. It would also punish creditors who ignore a borrower's request to fix an inaccurate record, giving them the power to sue for damages. The bill, called the Consumer Reporting Fairness Act of 2015, comes after several borrowers sued a number of big banks, accusing them of letting poor marks for unpaid debt remain on their credit reports even after the debt was canceled in bankruptcy.

The rapper 50 Cent filed for bankruptcy protection on Monday, halting a dispute over a sex tape, the Wall Street Journal reported today. The 40-year-old rapper, Curtis James Jackson III, filed for chapter 11 protection in the U.S. Bankruptcy Court in Hartford, Conn., yesterday, the same day he was supposed to appear in a New York state court to determine whether he owes punitive damages in a 2010 lawsuit filed by Lastonia Leviston, rapper Rick Ross’s ex-girlfriend, court records show. Jurors said last week that Jackson should pay $5 million to Leviston, who said that Jackson violated her privacy by posting a sex tape of her online. In his bankruptcy filing, Jackson estimates that his assets and debts, which were not itemized, are worth between $10 million and $50 million.