Obama announces credit that is new for troops
President Obama on Tuesday announced that the Defense Department will expand current credit defenses for troops and families against predatory lenders.
Talking with the 116th nationwide meeting associated with Veterans of Foreign Wars, Obama told attendees that the newest guidelines are element of the ongoing battle “to offer our troops . every possiblity to take pleasure in the American Dream.”
He noted that there surely is a law that is existing the Military Lending Act of 2006, built to protect troops and their own families against “unscrupulous predatory lenders.”