Military Consumer Rights

Soldiers are ideal targets for consumer fraud and abusive lending practices. They have a steady income from the government, often with little to spare, at an average of $1,200 per month for new recruits. With the need for transportation to meet their family needs they are incredibly vulnerable to auto fraud. At deployment time, when military families are faced with extra expenses at home and abroad, they are perfect targets for the awful payday lending industry. Recently a law has been passed that would protect military borrowers from small loan abuses but much more needs to be done.

To understand the impact of consumer fraud and abusive lending practices against our nation’s military – please read this important Department of Defense Department Report: DODFinalReport.pdf

To see the important law Congress’ passed to respond to this report (which doesn’t take effect until Ocober 2007): MilitaryPaydayLoanLaw.pdf

To see our joint effort to prevent Banks and regulators from undermining the law by creating loopholes in the law’s regulations see here: CommentstoDODonMilitaryLendingRegulations.pdf

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	Military Consumer Rights Soldiers are ideal targets for consumer fraud and abusive lending practices. They have a steady income from the government, often with little to spare, at an average of $1,200 per month for new recruits. With the need for transportation to meet their family needs they are incredibly vulnerable to auto fraud. At deployment time, when military families are faced with extra expenses at home and abroad, they are perfect targets for the awful payday lending industry. Recently a law has been passed that would protect military borrowers from small loan abuses but much more needs to be done. To understand the impact of consumer fraud and abusive lending practices against our nation’s military – please read this important Department of Defense Department Report: DODFinalReport.pdf To see the important law Congress’ passed to respond to this report (which doesn’t take effect until Ocober 2007): MilitaryPaydayLoanLaw.pdf To see our joint effort to prevent Banks and regulators from undermining the law by creating loopholes in the law’s regulations see here: CommentstoDODonMilitaryLendingRegulations.pdf	Public Campaigns Maxed Out Learn More and Take Action Maxed Out shows how the modern financial industry really works, explains the true definition of "preferred customer" and tells us why the poor are getting poorer and the rich getting richer. By turns hilarious and profoundly disturbing, Maxed Out paints a picture of a national nightmare which is all too real for most of us. Maxed Out won critical acclaim at the South by Southwest film festival in Austin, Texas in March, and Simon & Schuster plans to publish a memoir based on Director James Scurlock's interviews and travels during the making of the film next year. Ann Hornaday of the Washington Post, calls Maxed Out a "riveting examination of America's debt problem." Sally Foster of Film Threat says that "Maxed Out is a skillful intertwining of facts, interviews and vignettes, ultimately coming together to form a picture of our country's current financial state."
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Military Consumer Rights

Public Campaigns