Filed on regulations.gov — full text not in the inline record.
Limitations on Terms of Consumer Credit Extended to Service Members and Dependents
Activity
Consumer Bankers Association filed 1 comment on this docket between Jun 11, 2007 and Jun 11, 2007. 76 other organizations filed here. The comment window closed 6728d ago.
What Consumer Bankers Association filed (1)
Abstract
The Department of Defense (the Department or DoD) proposes to amend our regulations by adding a new part to implement the consumer protections covered by Public Law 109-364, the John Warner National Defense Authorization Act for Fiscal Year 2007, section 670, ``Limitations on Terms of Consumer Credit Extended to Service Members and Dependents'' (October 17, 2006). Section 670 of Public Law 109-364 created 10 U.S.C. 987 and requires the Secretary of Defense to prescribe regulations to carry out the new section. The proposed regulation is intended to regulate the terms of consumer credit extended by creditors to active duty service members and their dependents.
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