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Latest "Military Lending Act" stories
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Feds allege online lender ‘overcharged and deceived’ troops, families
Troops had to agree to a monthly membership fee before they could get a loan, feds allege.
By Karen Jowers
Jewelry company to pay millions to military families to settle cheating allegations
The company will pay $13 million in refunds, stop collecting $21 million in outstanding loans and fix negative entries in credit reports.
By Karen Jowers
Feds allege pawnshops ‘cheated’ and ‘gouged’ military families
These pawnshops allegedly charged active-duty members and families an annual interest rate of more than 200%.
By Karen Jowers
Reversing Trump-era decision, feds strengthen enforcement of rules protecting troops from predatory lenders
The Consumer Financial Protection Bureau announced Wednesday it will restart its examinations of lenders to enforce the Military Lending Act.
By Karen Jowers
Feds reach settlement with online lender on alleged military overcharges
LendUp will pay up to $300,000 in restitution to service members, to include what they've already paid.
By Karen Jowers