Advocates renew push for protecting troops from predatory lenders

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New DoD Military Lending Act rules will protect troops from predatory lending.. opposes predatory lending practices and have been a strong advocate of reforms to protect consumers and their.

Consumers, Payday Lending Employees Face Off On Proposed short-term lending rules. Joining the chorus of advocates applauding the CFPB’s steps to rein in predatory lending, our colleagues at.

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Advocates renew push for protecting troops from predatory lenders Some fear the 300 percent APR loan will come back for troops, families, if feds don’t resume the monitoring. By: Karen Jowers May 15

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Advocates renew push for protecting troops from predatory lenders Some fear the 300 percent APR loan will come back for troops, families, if feds don’t resume the monitoring. By: Karen Jowers May 15

Advocates call for better enforcement of a law that protects troops from predatory lenders. (dan kitwood/getty images) Advocates from six military and veterans organizations renewed their push for a key federal consumer agency to resume monitoring lenders to protect service members and their families from predatory practices.

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The 2006 law sought to protect troops from predatory lenders who set up shop near military bases, sometimes charging 120% to 300% interest on short-term loans.

US military soldiers march during the Veterans Day Parade in New York on Nov. 11, 2014. Photo by Jewel Samad/AFP/Getty House targets predatory lending protections for US troops

Military Advocates Push for Stricter Oversight of Predatory Lenders Six military and veterans advocacy groups have asked the federal government to increase its oversight of lenders who work with military service members to ensure they don’t prey on unsuspecting or needy consumers.

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