Predatory Lending Effects Addressed By DOD Regulation

Simon, Joseph
March 2008
Banking New York;Spring2008, Issue 5, p18
Trade Publication
The article reports on the regulation implemented by the U.S. Department of Defense (DOD) to deal with irregularities in the lending business affecting military members and their families. Concerned personnel are the regular and reserve members of the U.S. Armed Forces, their spouses and children. The DOD has reportedly identified consumer credit products that could be susceptible to abusive credit practices such as payday loans, vehicle title loans and tax refund anticipation loans.


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