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New MLA will expand protections for servicemembers
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Consumer Protection, Legislation
Friday, July 24, 2015
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The Department of Defense issued a final rule amending the provisions of the Military Lending Act. The amendments will extend the act’s protections to a broader range of closed-end and open-end credit products and change the definition of “consumer credit.” The final rule also amends the consumer verification process. Read on to learn more.
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