Military

Consumer Financial Protection Bureau Statement On Department Of Defense Military Lending Act Final Rule

WASHINGTON, D.C. –(ENEWSPF)–July 21, 2015.  Today, the U.S. Department of Defense issued a final rule expanding the types of credit products that are covered by the 36-percent rate cap and other military-specific protections under the Military Lending Act. The rule closes loopholes that have led to lenders skirting the law[Read More…]

Department of Defense Issues Final Military Lending Act Rule

After nearly three years of study, the Department of Defense today issued the final Military Lending Act (MLA) rule. Washington, DC–(ENEWSPF)–July 21, 2015.  The MLA better protects our service men and women from predatory credit practices by expanding financial protections provided to service members, and helping ensure military families receive[Read More…]

White House Fact Sheet: President Obama Announces Final Rules to Better Protect Service Members from Financial Abuse on Fifth Anniversary of Signing Wall Street Reform into Law

Rules Mark Next Step in Historic Wall Street Reform Effort by Closing Loopholes in the Military Lending Act to Protect Service Members and Their Families from Predatory Lending Washington, DC–(ENEWSPF)–July 21, 2015. Today, President Obama will announce that the Department of Defense (DOD) is finalizing updated Military Lending Act rules[Read More…]

Consumer Financial Protection Bureau Cautions Military Lenders Against Illegal Military Allotment Practices

Bureau Puts Companies On Notice After Defense Department Rules Take Effect WASHINGTON, D.C. –-(ENEWSPF)–July 20, 2015.  The Consumer Financial Protection Bureau (CFPB) sent letters this month to several companies that sell retail goods to military servicemembers, advising them to review their websites and other advertising for potentially misleading marketing and[Read More…]

The Oldest Living Veteran Meets the President Obama

Washington, DC–(ENEWSPF)–July 17, 2015.  This afternoon, President Obama invited 110-year-old Emma Didlake — believed to be the country’s oldest living veteran — to the Oval Office. “It’s a great honor to have her here.” the President said. President Barack Obama greets the nation’s oldest living veteran, Emma Didlake, in the[Read More…]

Statement by Secretary of Defense Ash Carter on the Iran Deal

Washington, DC—(ENEWSPF)—July 14, 2015. I’m pleased that Secretary of State Kerry and Secretary of Energy Moniz, along with our P5+1 partners, were able to reach a comprehensive, verifiable deal to prevent Iran from obtaining a nuclear weapon. As we implement this historic agreement, deterrence remains a major component of America’s national security. The Department[Read More…]

Oregon Lawmakers Blast KBR’s Decision to Target Sick Oregon Veterans, Call on Pentagon to End Legal Purgatory

Washington, D.C. –-(ENEWSPF)–July 14, 2015. Oregon lawmakers called on the Defense Department to quickly reach a fair settlement with 12 Oregon veterans who were sickened after being exposed to a toxic chemical in Iraq a decade ago. Those Oregon National Guard soldiers were stationed at the Qarmat Ali water treatment[Read More…]

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