White House Takes Aim At Financial Protections For Military
Documents obtained by NPR show proposed changes that critics say would leave service members vulnerable to getting ripped off when they buy cars.
by Chris Arnold
Aug 13, 2018
4 minutes
The Trump administration is taking aim at a law designed to protect military service members from getting cheated by shady lending practices.
NPR has obtained documents that show the White House is proposing changes that critics say would leave service members vulnerable to getting ripped off when they buy cars. Separately, the administration is taking broader steps to roll back enforcement of the Military Lending Act, or MLA.
The MLA is supposed to protect service members from predatory loans and financial products. But the White House appears willing to change the rules in a way that critics say would take
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