In August 2006, the Department of Defense (DoD) submitted a report to Congress in response to the request for information on the impact of credit practices on the financial wellbeing of Service members and their dependents. DoD articulated the importance of financial readiness to the DoD mission, reviewed concerns raised by financial counselors and legal assistance attorneys within DoD, and provided available information on credit products, Service member use of these products, financial education programs, and availability of reasonably priced small-dollar loan products. This report will provide an update on these topics.