Military

Statement by Secretary of Defense Chuck Hagel on the Consumer Financial Protection Bureau Announcement

Washington, DC—(ENEWSPF)—July 29, 2014.

I welcome the Consumer Financial Protection Bureau’s announcement today that 17,000 service members and other consumers will receive a total of $92 million in debt relief from Rome Finance, whose unlawful, predatory lending schemes specifically targeted active-duty military personnel serving nationwide. No one who serves our country in uniform – especially during a time of war – should ever fall victim to predatory financial practices, and today’s announcement is an important…

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