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military loans

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July 21, 2015 - Industry News

Department of Defense Issues Final Military Lending Act Rule

Today, the Defense Department issued a final rule that expands the types of credit products covered by the 36% rate cap and other military-specific protections under the Military Lending Act.

Tags: CFPB, Consumer Financial Protection Bureau, department of defense, military, military loans

December 30, 2014 - Industry News

CFPB: Servicemembers Harmed by Loopholes in Military Lending Act

A report released Monday by the regulator highlights how loopholes in the current Military Lending Act rules are racking up the costs of loans for servicemembers.

Tags: CFPB, Consumer Financial Protection Bureau, military, military loans

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