SAN FRANCISCO —The new Consumer Financial Protection Bureau will pay special attention to the financial needs of military personnel and be sure that lenders don't exploit them.
That's the pledge made by Holly Petraeus, who runs the new CFPB's Office of Servicemember Affairs, during a speech Wednesday at NAFCU's Defense Credit Union Summit.
She said on her visits at military facilities top concerns include high rates of indebtedness, difficulties selling houses and the long time it takes to get professional licenses renewed when military families move.
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