Military board could have prevented payday loan problems
A recent from the U.S. Government Accountability Office states that a Fort Drum board whose responsibilities include heading off predatory lending practices didn’t even meet for four years! This fact came to fore when the GAO’s Valerie Melvin testified before the House Financial Services recently about financial issues facing U.S. Service members. Newswatch50.com reports:
She said the Department of Defense established Armed Forces Disciplinary Control Boards which can make recommendations to place businesses off-limits to service members to protect families from unfair business practices.
Read more: GAO: Military Disciplinary Board might have prevented payday loan ripoff
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