WASHINGTON – The Department of Defense finalized its rule last week on personal commercial solicitation on military bases.
The initial proposal was to issue the rule change as a "directive," but instead it was issued in final form as an "instruction," according to NAFCU Senior Counsel Carrie Hunt, which is a bit easier to change.
NAFCU applauded changes from the proposal that made the process for handling violations more clear and strengthened the on-base financial institutions' position in educating the military personnel on financial matters. The rule aims to curb abusive sales of insurance products to members of the military.
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The instruction was effective immediately.
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