Safeguard the Military Lending Act. Standing because of the troops requires significantly more than lip service.
In addition calls for action.
As soon as the Pentagon unearthed that predatory loan that is payday and unethical vehicle dealers had been trolling army bases and aggressively focusing on the troops with interest levels of 300 per cent and greater, the Pentagon urged Congress to do something. And work they did, because those that protect our country deserve to be protected from predatory loan providers. Congress rallied around our troops significantly more than about ten years ago into the near-unanimous, broad bipartisan enactment for the Military Lending Act (MLA) to guard active-duty solution members and their loved ones from economic spoil.
But, unfolding before us now, customer Financial Protection Bureau (CFPB) Acting Director Mick Mulvaney John (Mick) Michael MulvaneyMulvaney to register split suit to fight impeachment subpoena Trump circuit court nominee in danger amid GOP opposition White House struggles to have in sync on impeachment CONSIDERABLY has vowed to get rid of proactive oversight of payday loan providers as well as other predatory lenders, accusing his or her own agency’s supervisors to be “overly aggressive. Read More →