Washington, DC—(ENEWSPF)—November 21, 2014. The Department of Defense announced today a change to policy that will prohibit service members from using new allotments to purchase, lease or rent personal property effective Jan. 1, 2015.
Secretary of Defense Chuck Hagel directed the change following an interagency review conducted in response to a major enforcement action by the Consumer Financial Protection Bureau.
This policy change will eliminate that aspect of the allotment system most prone to abuse…
