AFR in the News: Elizabeth Warren on Predatory Lending to Service Members...
"When these financial predators come after them, I feel ashamed for the rest of us," Sen. Warren tells former Rep. Patrick Murphy. She goes on to praise the Defense Department's new Military Lending...
View ArticleAFR in the News: Protecting Soldiers’ Finances a Growing Priority (CNBC)
"The Military Lending Act [restricts] small-dollar, short-term lending practices, but lenders have found many ways around the law. The Defense Department has proposed beefing up the act... so that it...
View ArticleAFR Statement: Rep. Tammy Duckworth and Bipartisan Allies Beat Back Attack on...
"Late last night, a bipartisan group of Armed Services Committee members, led by Rep. Tammy Duckworth (Ill.), a veteran, upheld the Defense Department’s efforts to close loopholes and add new...
View ArticleAFR Statement: A Victory for Military Families
"New Defense Department rules against predatory consumer lending to military personnel and their families take effect today. With proper enforcement, they should go a long way toward closing the...
View ArticleJoint Press Release: CFPB Taps Former Pentagon Legal Official to Head Office...
"Mr. Kantwill’s appointment, along with the retirement of Holly Petraeus, who has led the Servicemember Affairs office for the past five years, highlights the CFPB’s extensive work on behalf of...
View ArticleJoint Statement: The CFPB’s Work Is Important to Military Families and Veterans
"There is a clear and compelling public interest that Congress continue to support vigorous enforcement of laws that protect military families from wrongful financial practices... [T]he strong record...
View ArticleNews Release: TAB Bank and EasyPay Finance’s Predatory Loans Harm Veterans...
WASHINGTON – The predatory lending practices of EasyPay Finance and Utah-based, FDIC-supervised Transportation Alliance Bank (TAB Bank) are hurting military servicemembers, veterans, and their...
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