Advocates renew push for protecting troops from predatory lenders

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Advocates from six military and veterans organizations renewed their push for a key federal consumer agency to resume monitoring lenders to protect service members and their families from predatory practices. Military and veteran groups are concerned about what amounts to "removing the sentries from the guard tower,"said Mike Saunders, director of military and consumer policy.

Peterson says some car dealers push. troops need protection. Before the MLA was put in place, many service members got stuck in damaging high-cost loans, he says. Kantwill says that going back to.

They have repeatedly reaped rewards in return, at the expense of consumers and taxpayers. Last year, Congress gave auto dealers more than $3,000,000 in taxpayer dollars, through the "Cash for Clunkers" program — with no strings attached to protect car buyers from predatory dealership lending.

As a lifetime military family member, I’ve seen first-hand the devastating impact financial scams and predatory lending can have on our military families. I also spent 6 years as the head of the Better Business Bureau’s BBB military line program, and that was an education for me about the consumer issues and scams that impact the military.

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New DoD Military Lending Act rules will protect troops from predatory lending.. opposes predatory lending practices and have been a strong advocate of reforms to protect consumers and their.

Advocates renew push for protecting troops from predatory lenders Some fear the 300 percent APR loan will come back for troops, families, if feds don’t resume the monitoring. By: Karen Jowers May 15

Consumers, Payday Lending Employees Face Off On Proposed short-term lending rules. Joining the chorus of advocates applauding the CFPB’s steps to rein in predatory lending, our colleagues at.

Advocates Applaud DOD Move to Protect Troops from Predatory Lending final rules extend 36% rate Cap to More Forms of Credit Military servicemembers and their families will be better protected against predatory lending under new rules announced today by the Department of Defense (DOD), according to advocates at the National

Even if Trump abandons the valuable work of the Obama administration to protect our troops, veterans, and other students from predatory colleges, the truth about these institutions will still matter, will still be exposed by investigative reporters, will still infuse the numerous investigations of for-profit colleges by law enforcement agencies.