From the Archives: August 2013

DEPARTMENT OF DEFENSE (DOD) REQUEST FOR COMMENT: Limitations on Terms of Consumer Credit Extended to Service Members and Dependents 

The Department of Defense issued an advanced notice of proposed rulemaking regarding enhancement of the protections that apply to consumer credit extended to members of the armed forces and their dependents. The ANPR requested comment on the need to revise existing regulations that impose certain limits on and require certain disclosures relating to the provision of the consumer credit to a covered borrower.

The proposed rule and request for comment can be found here.

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