Financial institutions and individuals who want to comment about existing products and services and financial education programs aimed at military personnel and their families can submit comments to the Consumer Financial Protection Bureau.

Last year's financial overhaul bill created the CFPB and empowered it to educate service members and their families to make more-informed decisions when choosing financial services and products.

“We believe that open dialogue is key to addressing these challenges. By identifying the products and services that aim to assist their particular needs, our office will be able to better serve service members and their families, said Holly Petraeus, the bureau's assistant director who runs its Office of Servicemember Affairs.

There will be a 14-day comment period once the CFPB publishes the notice of the service's availability in the Federal Register.

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