A Federal Register entry published last week details a proposed data-sharing arrangement between the Department of Defense (DoD) and the Department of Education (DoE) designed to reduce the amount of interest that certain...more
4/24/2019
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Data-Sharing ,
Department of Defense (DOD) ,
Department of Education ,
Federal Student Loans ,
Financial Services Industry ,
Higher Education Act ,
Interest Rates ,
Military Service Members ,
Proposed Rules ,
Rulemaking Process
We previously reported that several trade groups had sent letters petitioning the Department of Defense (DoD) to rescind or withdraw Question and Answer #2 (Q&A 2) from its 2016 interpretative rule for the Military Lending...more
Yesterday, the Department of Defense’s (DoD) Military Lending Act website was temporarily taken offline to accommodate various “security and performance enhancements.” ...more
Last week the Department of Defense (DoD) issued an interpretive rule under the DoD’s Military Lending Act final rule (MLA Rule). The interpretive rule amends four of the “Q&A” format interpretations that DoD issued on August...more
12/19/2017
/ Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Department of Defense (DOD) ,
Foreclosure ,
Interpretive Opinions ,
Military Lending Act ,
Military Service Members ,
Mortgages ,
New Legislation ,
Real Estate Market ,
Servicemembers Civil Relief Act (SCRA)
We recently reported on a bill introduced in the House of Representatives by Congressman Dan Kildee (D-Michigan) that would amend the Military Lending Act (“MLA”) to require that creditors provide additional disclosures to...more