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.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
