Military.com: Vets Groups Urge Mattis to Keep Pressure on Payday Lenders
Nearly 40 veterans and military family organizations have joined in a letter to Defense Secretary Jim Mattis and White House Office of Management and Budget Director Mick Mulvaney urging them to keep in place oversight [...]
Politico: Military Groups Speak Out
Starting today, Veterans Education Success has taken out ads in news outlets across the country, including near military bases, featuring a letter from 38 military and veteran service organizations calling on the Consumer Financial Protection [...]
Press Release: Resignation of Student Loan Ombudsman, Seth Frotman
FOR IMMEDIATE RELEASE: August 28, 2018 CONTACT: Tanya Ang, Vice President, (202) 838-5050 Yesterday, the Student Loan Ombudsman at the Consumer Financial Protection Bureau, (CFPB) announced his resignation in a letter to the Acting CFPB [...]
Stripes: Mulvaney is Urged Not to Weaken Consumer Protections
Almost 30 military associations and veterans groups on Thursday sent a joint letter to Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, urging that he not weaken CFPB enforcement of the 2006 Military [...]
Military Times: Advocates to Mattis: Don’t waver in protecting troops against predatory lenders
Leaders from organizations representing millions of current and former service members and their families are urging continued strong enforcement of the Military Lending Act, in letters sent Thursday to Secretary of Defense Jim Mattis and [...]
NYT: Mulvaney Looks to Weaken Oversight of Military Lending
The Trump administration is planning to suspend routine examinations of lenders for violations of the Military Lending Act, which was devised to protect military service members and their families from financial fraud, predatory loans and [...]
Protection for the Office of Servicemember Affairs
Our public comment urging the US Consumer Financial Protection Bureau to maintain robust consumer financial education and to protect the Office of Servicemember Affairs
Letter to CFPB Regarding Consumer Complaints
Veterans and Military leaders urge the US Consumer Financial Protection Bureau to maintain robust public reporting and database of consumer complaints
Veteran and military groups ask Congress to protect the rule against 300% interest “payday loans”
Veteran and Military organizations raise the alarm on unscrupulous practices of Payday Lenders. The American Legion also wrote Congress to protect the payday rule
The Hill: The Real Tax on Troops
A recent blog post by the Consumer Financial Protection Bureau (CFPB) highlights an alarming trend as recruits join today’s All-Volunteer Force. According to CFPB, during last fiscal year, 70 percent of new recruits paid into the Department [...]
CFPB: What Does the Coast Guard Know About The GI Bill That Other Services Do Not?
More than a hundred thousand servicemembers ship out to basic training each year. While their uniforms might be different shades of camouflage, active duty servicemembers are all given the same choice: "Should I pay $1,200 [...]
CFA: “Financial Companies Deny Military Families Their Day in Court”
Consumer Federation of America: Fact: Financial Companies Deny Military Families Their Day in Court
Bloomberg News: Betsy DeVos Tells CFPB to Back Off on Student Loans: The Agency Has Survived the Trump Administration So Far; Will the Education Department Be the One to Kneecap It?
When federal policymakers killed banks’ ability to make government-backed student loans, David Bergeron should have been celebrating. A career official at the U.S. Department of Education, he had favored the move for years; it would save [...]
The American Legion Resolution Against Force Arbitration
The American Legion Resolution in Favor of the Consumer Financial Protection Bureau's Rule Against Forced Arbitration
Attorneys General of several states announce $192 million in restitution for Corinthian students
BALTIMORE, MD (August 17, 2017) –Maryland Attorney General Brian E. Frosh, in coordination with the Consumer Financial Protection Bureau (“CFPB”) and a coalition of 12 other state attorneys general, announced today a tentative settlement with [...]
The Military Coalition’s Letter on Protecting the CFPB
The Military Coalition’s letter to Congress requesting that the Consumer Financial Protection Bureau be protected.
Veterans in Class Actions Lawsuits
The Military Coalition’s letter to Congressional leadership requesting veteran access to class action lawsuits against predatory lenders.
Financial Security for America’s Security
Veteran and Military organizations urge Congress for continued funding of CFPB’s Office of Servicemember Affairs.
US Consumer Financial Protection Bureau, Office of Servicemember Affairs, Charting our Course Through the Military Life Cycle
This report introduces the Office of Servicemember Affairs’ new focus: charting the financial issues a servicemember faces throughout his or her military career. We have received over 74,000 complaints from the military community since 2011 [...]
Monitoring Student Loan Servicers
Letter from VES to U.S. Consumer Financial Protection Bureau re: monitoring of student loan servicers
CFPB Sues For-Profit Corinthian Colleges for Predatory Lending
WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) sued for-profit college chain Corinthian Colleges, Inc. for its illegal predatory lending scheme. The Bureau alleges that Corinthian lured tens of thousands of students to [...]
CFPB Sues For-Profit College Chain ITT For Predatory Lending
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. The CFPB alleges that ITT exploited its students [...]