Their main website is: consumerfinance.gov – then click on the CFPB portion.
The CFPB’s Office of Servicemember Affairs (OSA) “works to help military families overcome unique financial challenges by providing educational resources, monitoring complaints and working with other agencies to solve problems faced by servicemembers.”
And the agency gets results – view the video about Harry and Ari and their struggles with an auto loan!
Also, read about the Servicemembers Civil Relief Act (SCRA). The SCRA is a law that provides legal and financial protection to those who have answered the call to serve.
The SCRA makes sure that servicemembers have special protections…like special protection against foreclosure on their home. Also, Servicemembers can reduce interest rates on any pre-service loan to a maximum of 6%.
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