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Troops will get part of a $5M settlement in alleged title loan scam
Vehicle title loans to military troops and dependents are prohibited by law, period. Feds allege TitleMax doctored information about military status.
By Karen Jowers
Latest "Military Lending Act" stories
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Army veteran suing timeshare company over predatory lending practices
The lawsuit alleges that the contract violated the Military Lending Act.
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