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Military Lending Act Servicemembers’ Civil Relief Act Consumer Financial Protection Bureau (CFPB)

Ballard Spahr LLP

Banking industry trade groups oppose expansion of Military Loan Act coverage

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Six banking industry trade groups, including the American Bankers Association, the Consumer Bankers Association and the Financial Services Roundtable, have sent a comment letter responding to a Department of Defense (DOD)...more

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Congress passes bill giving CFPB authority to enforce Military Lending Act and creating civil liability for violations

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The 2013 Defense Authorization Bill (H.R. 4310), currently awaiting signature by President Obama, makes several changes to the Military Lending Act. Last week, both the House and Senate agreed to the conference report....more

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