Cyrus Dugger

Consumer Groups Express Disappointment with Proposed DoD Regs

From the Consumer Law & Policy Blog:

Consumer Groups Express Disappointment with Proposed DoD Regs

by Deepak Gupta

Pentagondfst8706962_1_2 Three consumer groups — Consumer Federation of America, Center for Responsbile Lending, and National Consumer Law Center — issued a statement today expressing disappointment with the Pentagon’s new proposed rules on predatory lending to servicemembers. According to the groups’ statement, loopholes in the proposed rules would inexplicably exempt some types of high-cost loans, such as military installment loans, that were specifically criticized by the Defense Department and covered by the legislation. (keep reading)

Posted at 10:45 AM, Apr 13, 2007 in Permalink | Comments (0) | TrackBack (0)