Lending Practices and Military Service Members
Witnesses testified on predatory lenders toward military service members and their families, highlighting several examples in Tennessee, New… read more
Witnesses testified on predatory lenders toward military service members and their families, highlighting several examples in Tennessee, New York and Virginia. Another subject addressed in the hearing was the effectiveness of the Military Lending Act and efforts by the Consumer Financial Protection Bureau and the Federal Trade Commission in providing educational outreach. Witnesses also provided recommendations, with all stressing the need for a combination of education outreach and law enforcement. close
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