Today – the fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act – President Obama announced the Department of Defense finalized rules to prevent U.S. troops from being taken advantage of by predatory lenders.
The Military Lending Act originated as a proposal from the CFPB, a consumer watchdog group designed to protect Americans from becoming victims of financial hardships that have been blamed as a cause of the Great Recession.
The President made the announcement at a Veterans of Foreign Wars convention in Pittsburgh.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
