MaryJ 
Member since May 5, 2015


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Re: “McSally Comes Under Fire From Democrats After Supporting Provision That Would Delay New Predatory-Loan Protections for Military Members

Congratulations to Congresswoman McSally to understand that the MLA restrictions need further Congressional oversight. FTC Commissioner Wright wrote on how a 36% apr restriction to all credit will not protect military. See link: https://www.ftc.gov/system/files/documents/public_statements/607461/141229dodcommentwright.pdf
Even if folks do not understand these implications, DOD did report that service members have had to lie when they apply for credit under the current limitations. Expanding the limits to all credit products will make things worse not better.

2 likes, 2 dislikes
Posted by MaryJ on 05/05/2015 at 11:20 AM

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