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CFPB

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CFPB Moves to Close Gaps in Military Lending Act 

Dec 30, 2014By

The Consumer Financial Protection Bureau (CFPB) has issued a report highlighting how loopholes in the Military Lending Act are racking up costs for service members.  These gaps, according to the report, have allowed companies to offer high-cost loans to military families by skirting the 36% rate cap and other military-specific credit protections.  The CFPB included […]