Military Lending Act: Rules, Enforcement, and Servicemember Financial Stability

Abstract

The Military Lending Act (MLA, 10 U.S.C. 987) regulates commercial lending practices and products offered to military servicemembers and their dependents. The Department of Defense (DOD) implements the provisions of this act and the Consumer Financial Protection Bureau (CFPB) oversees and enforces consumer protection laws and regulations. Some have argued that Military Lending Act rules place undue regulatory burdens on businesses that provide credit products. Others have argued that these rules provide important servicemember protections from abusive financial practices and, in turn, have a positive impact on military readiness.

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Document Details

Document Type
Technical Report
Publication Date
Oct 31, 2018
Accession Number
AD1171934

Entities

People

  • Kristy N. Kamarck

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Air Force
  • Coast Guard
  • Commerce
  • Congress
  • Consumers
  • Data Centers
  • Department Of Defense
  • Governments
  • Law
  • Marine Corps
  • Marketing
  • Military Personnel
  • National Security
  • Regulations
  • Security
  • United States
  • United States Government

Readers

  • Environmental Engineering.
  • Government Contracting/Procurement.
  • Systems Analysis and Design