The CFA revealed that service personnel are vulnerable to abusive lending practices.
A foundation is helping the American dream come true for members of the military.
Legislation would give federal agencies more authority to study and enforce the Military Lending Act.
More than 300 members of the armed forces had their homes illegally foreclosed on.
The Better Business Bureau advises military service members to beware of financial scams.
Members of the military who were victims of wrongful foreclosures will receive substantial compensation from their mortgage servicers. The U.S. Department of Justice has reached an agreement with four large lenders — JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — to provide “any service member who was a victim of a wrongful foreclosure a
Financial scammers who repeatedly victimize active-duty U.S. military personnel, veterans and their families are the target of a new database being developed by four government agencies. The Repeat Offenders Against Military database, known as “ROAM,” will track completed enforcement actions against companies and individuals who repeatedly scam military personnel, according to the Consumer Financial Protection
Just in time for Veterans Day, Chase is adding perks to its line of credit cards for U.S. men and women in uniform. The bank is giving military cardholders unlimited cash back for all purchases and eliminating foreign transaction fees. The changes apply to Chase’s Military Star Rewards MasterCard; Air Force Club MasterCard; Army Morale,
The Defense Business Board, which advises the U.S. Department of Defense, mostly on matters of civilian contracting, will report in October on ways to cut costs and modernize military retirement plans. A preliminary retirement planning report calling for reform has raised the hackles of a wide swath of military and other types who oppose any
Just six months into her job as assistant director of the Office of Servicemember Affairs at the Consumer Financial Protection Bureau, Holly Petraeus is kicking butts and taking names of mortgage lenders who dare to mess with America’s military families. Last week, Petraeus, the wife of Gen. David Petraeus and daughter of Gen. William Knowlton,