We work to protect the military community from consumer fraud, including protecting the legal rights of servicemembers and military families under the Military Lending Act and the Servicemembers Civil Relief Act to lower interest rates on loans, and protecting the military community from payday loans.

OUR WORK

Be Careful of Income Sharing Agreements

By Alex Kish   At this point in the game, it might seem cliché to talk about the impact COVID-19 has had on higher education and how students have been forced online.  But that doesn’t change the reality that unscrupulous actors are targeting vulnerable students (such as low-income students, veterans, [...]

Our Public Comment About the Role of Supervisory Guidance to CFPB

January 4, 2021   Director Kathleen Kraninger Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552   Re: Role of Supervisory Guidance, Docket No. CFPB-2020-0033 or RIN 3170-AB02   Dear Director Kraninger:   Veterans Education Success was heartened to see that the Consumer Financial Protection Bureau (CFPB) filed [...]

Our Comment on Time-Barred (“Zombie”) Debt Collection

August 4, 2020   Director Kathleen Kraninger Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552   Re: Proposed Time-Barred Debt Disclosures, Docket No. CFPB-2020-0010 or RIN 3170-AA41   Dear Director Kraninger:   The undersigned Military and Veteran Service Organizations write to express concern about the Consumer Financial [...]

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Representatives from Veterans Education Success, Veterans of Foreign Wars, Iraq and Afghanistan Veterans of America, the American Legion, Military Officer Association of America, and the National Military Family Association announced their support for increasing protections for service members and their loved ones from predatory lenders through the Consumer Financial Protection Bureau during a joint press conference in May 2019.

MILITARY LENDING ACT UNDER ATTACK

When the US Consumer Financial Protection Bureau (CFPB) curtailed enforcement of the Military Lending Act by telling its bank examiners to stop checking for violations of the Act, veterans and military groups responded: (see National Public Radio:  White House Takes Aim at Financial Protections for Military and New York TimesMulvaney Looks to Weaken Oversight of Military Lending). Veterans and military groups responded:

  • Nearly 40 veterans and military service organizations call on the CFPB and US Defense Department to stop the rollback of servicemembers’ rights under the Military Lending Act (Aug. 23, 2018) (here) Resubmitted Sept. 5 with additional signatures (here)
  • FULL PAGE NEWSPAPER AD nationwide (here)
  • Sign the Citizens petition: KeepMilitaryProtections.Org
  • Same letter borrowed submitted by a smaller, additional coalition (here)
  • US Senators also write to US Defense Department (here)
  • US Defense Department response (here)
  • American Legion’s Louisiana Commander confronts CFPB’s Mulvaney at a Louisiana Town Hall (here)
  • Bipartisan group of 33 state Attorneys General wrote CFPB urging it to enforce the Military Lending Act and protect servicemembers (here)

GOVERNMENT REPORTS & ACTIONS

OUR WORK WITH THE EXECUTIVE BRANCH

Veterans Affairs

Defense Department

Education Department

Consumer Financial Protection Agencies

Federal Trade Commission