Military Lending Act: Timeline, New Rules, and Issues
Description:
This report briefly discusses new rules under the Military Lending Act (MLA) that change the definition of consumer credit for covered servicemembers and dependents; it will apply to transactions or accounts that are established on or after October 3, 2016. These rules may have an impact on the regulatory burdens for businesses that provide credit products to the military and may also affect military readiness.
Date:
June 1, 2016
Creator:
Kamarck, Kristy N.
Item Type:
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Partner:
UNT Libraries Government Documents Department