Lawmakers urge DoD to exempt CUs from MLA changes

first_img 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Rep. Paul Cook, R-Calif., along with several fellow representatives, sent a letter Wednesday to the Department of Defense urging the department to exempt credit unions from the July 2015 amendments to the Military Lending Act.“It has come to my attention that the July 2015 amendments have caused numerous financial institutions to eliminate products and services, many of which have been relied on by servicemembers and their families,” the letter states. “Of great concern, I have heard from credit unions that they are being forced to cut back on, or eliminate, products that help find solutions for credit for servicemembers and their families that may have few, or much worse, other options.”The letter acknowledges that while the MLA changes “have proven effective in broadening the scope of products and services targeted by … lenders, it has also had the unintended effect of creating barriers for good actors seeking to serve the military with highly regulated and safe products and services. Particularly, I am concerned about the unintended consequences on the thousands of credit unions, serving 110 million consumers including servicemembers.” continue reading »last_img read more

Iowa’s attorney general warns of census scams

first_imgDES MOINES — The Iowa Attorney General’s Office is warning Iowans about looming scams involving bogus U-S Census takers.This year, for the first time, Iowans will be able to respond to the census online — or by phone or by mail. If you don’t use any of those options, someone may knock on your door in the weeks to come.Legitimate census workers will have a photo I-D from the U.S. Department of Commerce and if you’re still not sure, call the bureau’s 800-number to verify who they are.Don’t answer emails from what may look like the census as you won’t be sent unsolicited emails. Also, callers, mailers and people at your door from the REAL census won’t ask for your Social Security number or any personal banking information.last_img read more