Advocates renew push for protecting troops from predatory lenders

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

Advocates plan to make a push in the post. on for-profit colleges’ predatory practices. In 2008, Congress passed a Post-9/11 GI Bill to mirror the one that helped millions of returning heroes from.

Nearly a decade after legislation was put in place to protect U.S. military personnel and their families from predatory financial products, the Military Lending Act received a much-needed update.

Advocates renew push for protecting troops from predatory lenders By: Karen Jowers May 15 Advocates call for better enforcement of a law that protects troops from predatory lenders.

Military families need better protection from predatory lenders, and the government should provide it, several organizations told federal regulators, in a request for information filed Dec. 14.

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The industry is once again the target of New Mexico lawmakers, as a pair of bills pending in the House and Senate call for capping interest rates at 36 percent on small loans issued by lenders not.

6 Washington Post asking Mulvaney and Defense Secretary Jim Mattis to continue actively protecting the military from what advocates consider predatory. interest payday loans and other kinds of high.

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.

Advocates renew push for protecting troops from predatory lenders. Pay & Benefits. Advocates renew push for protecting troops from predatory lenders .. Your Air Force.

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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.

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.