As House and Senate lawmakers work to reconcile their versions of the FY 2019 National Defense Authorization Act, ABA -- along with the Independent Community Bankers of America and the Association of Military Banks of America -- today wrote to conference committee members urging them to include in the final bill a House provision that would level the playing field between credit unions and banks serving military bases.

The ABA Foundation is proud to support the financial readiness and success of our service member customers and their families.

In a comment letter to the Department of Defense today, ABA called on the Pentagon to repeal a section of the amendments to its Military Lending Act interpretive rule relating to service members’ ability to finance the purchase of Guaranteed Acceptance Protection insurance with a loan used to purchase the vehicle.

The Department of Defense has released changes to its 2016 interpretive rule clarifying certain provisions of the Military Lending Act regulation.

The Department of Defense last week denied a request by ABA and several financial trade groups to postpone the effective date of the amended Military Lending Act rules for credit card accounts.

ABA and six other financial trade groups wrote to the Department of Defense on Friday urging the department to take additional steps to clarify inconsistencies and confusion that still surround the amended Military Lending Act rules and a subsequent interpretive rule issued by DOD.

ABA yesterday wrote to Sens. Mazie Hirono (D-Hawaii) and Mike Rounds (R-S.D.) in support of the Veteran Small Business Export Promotion Act (S. 1056), which would waive up-front fees for veterans applying for the U.S. Small Business Administration’s export-specific loans of $150,000 or less.

Do social media comments belong in the public CRA file... and more.

Due to a malfunction, the Department of Defense’s Military Lending Act website was unable to process a total of 149 request files between Feb. 9 and Feb. 15, according to a notice posted on the site.

ABA today hosted a meeting with representatives from the Department of Defense, trade associations and financial institutions to discuss ongoing issues related to the Military Lending Act amendments that took effect in October.