Center for American Progress

Congress Protects Troops from Predatory Lenders; What About Everyone Else?
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Congress Protects Troops from Predatory Lenders; What About Everyone Else?

A new law passed by Congress and signed last month by President Barack Obama stops predatory lenders from taking advantage of our troops. That’s good news for Virginia’s more than120,000 active-duty service members, but unfortunately it does nothing to protect veterans and all other Virginians.

A new law passed by Congress and signed last month by President Barack Obama stops predatory lenders from taking advantage of our troops. That’s good news for Virginia’s more than120,000 active-duty service members — more than any other state except California — but unfortunately it does nothing to protect veterans, and all other Virginians.

The above excerpt was originally published in The Richmond Times-Dispatch. Click here to view the full article.

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Authors

Joe Valenti

Director, Consumer Finance

Lawrence J. Korb

Former Senior Fellow