TITLE

Six Things You Need to Know About the Pentagon's Military Lending Proposal

AUTHOR(S)
Wack, Kevin
PUB. DATE
September 2014
SOURCE
American Banker;9/29/2014, Vol. 179 Issue 150, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at rules proposed by the U.S. Department of Defense placing constraints on financial services marketed to military personnel through locations near military bases or online, in areas including interest rates and mandatory arbitration clauses. It notes the proposed rules would apply to payday loans and other predatory loan products and to credit cards, but not to auto loans or mortgages.
ACCESSION #
98568928

 

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