TITLE

Pentagon Proposes Tighter Restrictions on Loans to Soldiers

AUTHOR(S)
Wack, Kevin
PUB. DATE
September 2014
SOURCE
American Banker;9/29/2014, Vol. 179 Issue 150, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at rules proposed by the U.S. Department of Defense placing constraints on payday lending and similar financial services marketed to military personnel in areas including interest rates and mandatory arbitration clauses. Topics include loopholes in the Defense Department's prior version of predatory lending rules and the U.S. Military Lending Act of 2006.
ACCESSION #
98568918

 

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