Advocates renew push for protecting troops from predatory lenders

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Advocates renew push for protecting troops from predatory lenders Some fear the 300 percent APR loan will come back for troops, families, if feds don’t resume the monitoring. By: Karen Jowers May 15

Washington – Dozens of faith leaders and consumer advocates are pressing Congress to create. bringing a strong message and a light and a moral perspective about predatory lending that’s valuable,".

Prospective clients can apply for assistance from the Predatory Lending/Consumer Protection Unit by calling (617) 522-3003. People seeking help with student loans from for-profit colleges may call the Project on Predatory Student Lending hotline (617) 390-2669 or fill out the online request for assistance.

New DoD Military Lending Act rules will protect troops from predatory lending.. opposes predatory lending practices and have been a strong advocate of reforms to protect consumers and their.

Advocates Laud New DoD Military Lending Act Rules to Protect Troops from Predatory Lending Columbus, Ohio – Today, consumer advocacy groups in Ohio applauded the Department of Defense for issuing new proposed rules to protect servicemembers and their families from predatory lending practices.

Advocates from six military and veterans organizations renewed their push for a key federal consumer agency to resume monitoring lenders to protect service members and their families from predatory practices. Military and veteran groups are concerned about what amounts to "removing the sentries from the guard tower,"said Mike Saunders, director of military and consumer policy.

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Borrowers do need to be aware that there is a limit to the amount of liability that the VA will take on when it comes to VA loans in Round Rock. They will only cover 25% or up to $113,275. The borrower will not have to pay for private mortgage insurance. There is no down payment necessary. VA loans are one of the last zero down loan options left.