FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
DOD denies request to delay MLA implementation
|
Legislation
Tuesday, August 22, 2017
|
|
The Department of Defense (DOD) recently denied the National Association of Federally-Insured Credit Unions’ request to extend the compliance deadline for the department’s Military Lending Act rule.
The MLA rule, intended to prevent active service members from being charged an interest rate higher than 36 percent on consumer loans, among other provisions, took effect last October but included a one-year limited exemption for credit cards.
The association has written the DOD about the rule multiple times. Read on to learn more.
TO READ THE FULL STORY
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories