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Klobuchar, Smith, Reed turn to management to guard U.S. Troops and Families from Financial Fraud

Wednesday, November 18th, 2020

Klobuchar, Smith, Reed turn to management to guard U.S. Troops and Families from Financial Fraud

Current reports suggest the management is about to stop examining loan providers for violations for the Military Lending Act and work out it easier for unethical loan providers to a target U.S. troops and harm military families

WASHINGTON – U.S. Senators Amy Klobuchar and Tina Smith joined up with Senator Jack Reed (D-RI) and 46 other senators in calling in the customer Financial Protection Bureau (CFPB) to keep financial defenses for servicemembers and their loved ones beneath the Military Lending Act (MLA). Current reports have actually suggested that the management is intending to stop examining loan providers for violations of this MLA. (more…)