Browsing: Military Lending Act

Compliance

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.

Compliance

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.

Compliance

The federal banking agencies today issued updated interagency examination procedures for the amendments to the Military Lending Act rule, which extend MLA restrictions to cover credit cards, lines of credit, installment loans and deposit advances offered to service members and their dependents.

Compliance

The American Bankers Association and several financial trade associations today wrote to the heads of the federal regulatory agencies raising concerns about the fast-approaching compliance deadline for changes to the Department of Defense’s Military Lending Act rule.

Compliance

In remarks at the Association of Military Bankers’ annual workshop today, OCC Senior Deputy Comptroller Grovetta Gardineer stressed the importance of ensuring that all military service members and their families receive the consumer protections they are entitled to under the Servicemembers Civil Relief Act.