TBA Law Blog

Posted by: Katharine Heriges on Oct 23, 2018
Attorney General Herbert Slatery III last week joined a coalition of 33 attorneys general calling on the Consumer Financial Protection Bureau (CFPB) and Acting Director Mick Mulvaney to continue protecting military servicemembers against predatory lenders under the Military Lending Act (MLA). “We urge the Consumer Financial Protection Bureau to do its part while this office continues its commitment to pursue any person or business who acts deceptively toward our state’s military members and their families," said Slatery. The MLA, enacted in 2006, protects military servicemembers and their families against exploitative lenders and loans so that servicemembers aren’t overburdened with debt.