On July 21, 2015, the U.S. Department of Defense (“DOD”) announced the final rule amending the Military Lending Act’s (“MLA”) implementing regulations. The changes apply the MLA’s strict lending restrictions to consumer...more
7/23/2015
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Contract Terms ,
Department of Defense (DOD) ,
Financial Institutions ,
Interest Rates ,
Loan Documentation ,
Mandatory Arbitration Clauses ,
Military Lending Act ,
Military Service Members ,
Regulation Z ,
SCRA ,
Truth in Lending Act (TILA)