CFA Statement to Senate Banking Committee about Financial Protections for Military Consumers
Today, the Senate Committee on Banking, Housing and Urban Affairs held a hearing regarding financial protections for servicemembers, veterans and their families. The Committee heard from witnesses who work directly with these consumers about how frequently they are targets for predatory actors, and what Congress can do to ensure that our military community receives adequate safeguards in their financial affairs. CFA sent a statement to the Committee, outlining the ways in which the CFPB has been a strong advocate for the military community, and outlining current economic pressures that make the CFPB a critical ally for servicemembers, veterans and their families in the years to come.
