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

Veterans and Military Service Organizations urge the US Consumer Financial Protection Bureau to maintain mandatory underwriting provisions of the rule regulating Payday, vehicle title and high-cost installment loans

Military and Veteran Service Organizations (MSO/VSOs) write to express opposition to recension of underwriting requirements of the Consumer Financial Protection Bureau’s (CFPB) 2017 rule regulating Payday, Vehicle Title and Certain High-Cost Installment Loans.

Veterans and Military Service Organizations urge the US Consumer Financial Protection Bureau not to delay implementation of Payday Loans protection rule

The undersigned Military and Veteran Service Organizations (MSO/VSOs) write to express opposition to the proposed delay of the Consumer Financial Protection Bureau’s (CFPB) 2017 rule regulating Payday, Vehicle Title and Certain High-Cost Installment Loans. The rule is currently set to be implemented on August 19, 2019. However, CFPB has proposed [...]

Press Release: Our Full-Page Ad for the Military Lending Act

FOR IMMEDIATE RELEASE, SEPTEMBER 6, 2018 CONTACT: Dom Slowey, 781-710-0014 dslowey@sloweymcmanus.com Mike Saunders: 202-838-5050 mikesaunders@veteranseducationsuccess.org  Veterans & Military Service Organizations Urge CFPB & DOD Not To Rollback Servicemembers' Protections Under the Military Lending Act  WASHINGTON - In the wake of threats to the Military Lending Act, Veterans Education Success (VES), [...]

CFPB and DoD: Protect Servicemembers’ Rights

38 veterans and military service organizations call on the US Consumer Financial Protection Bureau and US Defense Department to stop the rollback of servicemembers' rights under the Military Lending Act   Resubmitted Sept. 5 with additional signatures   FULL PAGE NEWSPAPER AD nationwide Petition [...]

Read More Consumer Financial Protection – Our Work
Read More Our Letters to Consumer Financial Protection

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