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Florida CFO Jeff Atwater knows the unique challenges servicemembers and their families can face when managing their finances. Here you will find information and resources designed to help you protect, grow, and manage your finances whether serving at home or abroad. Just as you protect our country we hope to help protect your nest egg!
The Military Lending Act provides servicemembers and their dependents with protections for their consumer credit transactions.
The U.S. Department of Defense issued a proposal that will expand the types of credit products that are covered by the 36% rate cap and other military-specific protections under the MLA.
The articles below provide more information on the Department of Defense's proposal to amend the regulation that implements the Military Lending Act.
Formal comments on the proposed rule must be submitted to the Department of Defense at the link below no later than November 28, 2014.
Statement on Department of Defense proposal to amend Military Lending Act
Proposal to amend its regulation that implements the Military Lending Act