TITLE

New Military Lending Rules Cover More Credits, Ban Arbitration

AUTHOR(S)
Wack, Kevin
PUB. DATE
July 2015
SOURCE
American Banker;7/22/2015, Vol. 180 Issue 113, p0
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines the new military lending rules that were finalized by the administration of U.S. President Barack Obama and due to take effect on October 1, 2015. Obama claimed that the rules are intended to protect active-duty military servicemen from predatory lenders. The regulations cover such loans as all payday loans, auto title loans, and refund anticipation loans.
ACCESSION #
108456588

 

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