Items Tagged with 'Military Lending Act'

ARTICLES

  • CFPB seeking compliance authority on military lending

    Bureau asks Congress for "clear authority to supervise" military lending compliance
    The Consumer Financial Protection Bureau is changing course on its previous decision to stop supervising lending to active duty service members. Kathy Kraninger, the newly confirmed director of the bureau, sent a letter to Congress on Thursday, asking for the "clear authority" to supervise for compliance with the Military Lending Act.
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  • Senate Democrats push CFPB to retain oversight of military lending

    Send letter in defense of Military Lending Act
    Senate Democrats continue to push back against a decision by the CFPB to stop supervising lending made to active duty service members. The bureau recently began making plans to cut back its investigations on lenders that service military members. Now, Senate Democrats are calling on the CFPB to continue its oversight.
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