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:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 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.
