United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2014_register executive 2017-01-26 article Part VI Proposed Rules D09002ee1c7f869f0 D09002ee1c7f86acf United States Department of Defense originator org United States Government Agency or Subagency United States Office of the Secretary originator org United States Government Agency or Subagency The Department of Defense ("Department") proposes to amend its regulation that implements the Military Lending Act, herein referred to as the "MLA". Among other protections for Service members, the MLA limits the amount of interest that a creditor may charge on "consumer credit" to a maximum annual percentage rate of 36 percent. The Department is proposing to amend its existing regulation primarily for the purpose of extending the protections of the MLA to a broader range of closed-end and open-end credit products, rather than the limited credit products currently defined as consumer credit. In addition, the Department is proposing to amend its existing regulation to amend the provisions governing a tool a creditor may use in assessing whether a consumer is a "covered borrower," modify the disclosures that a creditor must provide to a covered borrower, implement the enforcement provisions of the MLA, as amended, and for other purposes. 79 FR 58602 https://www.govinfo.gov/app/details/FR-2014-09-29/2014-22900 2014-22900 fr29se14-19 RIN 0790-AJ10 5001-06-P DOD-2013-OS-0133 https://www.govinfo.gov/app/details/FR-2014-09-29/2014-22900 https://www.govinfo.gov/content/pkg/FR-2014-09-29/html/2014-22900.htm https://www.govinfo.gov/content/pkg/FR-2014-09-29/pdf/2014-22900.pdf Loan Programs Reporting and Recordkeeping Requirements Service Members 40 p. 58602 58641 79 FR 58602 Title 32 Part 232 32 CFR Part 232 RIN 0790-AJ10 Limitations on Terms of Consumer Credit Extended to Service Members and Dependents; Federal Register Vol. 79, Issue PRORULE 2014-22900 VI DEPARTMENT OF DEFENSE Office of the Secretary 2014-11-28 DOD-2013-OS-0133 5001-06-P 2014-22900 Proposed rule.

The Department of Defense ("Department") proposes to amend its regulation that implements the Military Lending Act, herein referred to as the "MLA". Among other protections for Service members, the MLA limits the amount of interest that a creditor may charge on "consumer credit" to a maximum annual percentage rate of 36 percent. The Department is proposing to amend its existing regulation primarily for the purpose of extending the protections of the MLA to a broader range of closed-end and open-end credit products, rather than the limited credit products currently defined as consumer credit. In addition, the Department is proposing to amend its existing regulation to amend the provisions governing a tool a creditor may use in assessing whether a consumer is a "covered borrower," modify the disclosures that a creditor must provide to a covered borrower, implement the enforcement provisions of the MLA, as amended, and for other purposes.

Comments must be submitted not later than November 28, 2014. Marcus Beauregard, 571-372-5357. Loan Programs Reporting and Recordkeeping Requirements Service Members Limitations on Terms of Consumer Credit Extended to Service Members and Dependents , ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt http://b.3cdn.net/nmcrs/45f955f5204f8ca1df_mlbruu7ib.pdf http://files.consumerfinance.gov/f/201304_cfpb_payday-dap-whitepaper.pdf http://researchcu.ncua.gov/Views/FindCreditUnions.aspx http://www.aerhq.org/dnn563/Portals/0/AERAnnualReport2012.pdf http://www.afas.org/file/documents/2012-Annual-Report.pdf http://www.bls.gov/news.release/ocwage.t01.htm http://www.cgmahq.org/Financial/AnnualReports/2012.pdf http://www.consumerfed.org/pdfs/130725-policybrief-mla-cfa.pdf http://www.defense.gov/pubs/pdfs/Report_to_Congress_final.pdf http://www.dmdc.osd.mil/mla/owa/home http://www.dtic.mil/whs/directives/corres/pdf/134222p.pdf http://www.econ.ucdavis.edu/faculty/scarrell/payday.pdf http://www.federalreserve.gov/pubs/bulletin/2012/pdf/scf12.pdf http://www.militaryonesource.mil/12038/MOS/Reports/2012_Demographics_Report.pdf http://www.militarysaves.org/in-the-newsroom/military-saves-week-reports http://www.ncua.gov/Legal/Documents/Reports/AR2012.pdf http://www.regulations.gov http://www.regulations.gov/#!docketDetail http://www.responsiblelending.org/state-of-lending/reports/7-Car-Title-Loans.pdf http://www.saveandinvest.org/MilitaryCenter/About/P124822 http://www.sec.gov/edgar/aboutedgar.htm http://www.whitehouse.gov/sites/default/files/omb/assets/omb/circulars/a004/a-4.pdf http://www2.fdic.gov/IDASP/ https://cdr.ffiec.gov/public/ https://creditcards.chase.com https://www.dmdc.osd.mil/appj/mla/index.jsp SaveandInvest.org www.jumpstart.org/assets/files/2008SurveyBook.pdf www.ncis.navy.mil/securitypolicy/PSAB/PSAB%20Activity%20Reports/CY11%20PSAB%20Activity%20Report.pdf Vol. 79, no. 188 Office of the Federal Register, National Archives and Records Administration 2014-09-29 continuing daily deposited born digital 420 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2014-09-29 P0b002ee193827752 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr29se14 https://www.govinfo.gov/app/details/FR-2014-09-29 https://www.govinfo.gov/content/pkg/FR-2014-09-29/pdf/FR-2014-09-29.pdf https://www.govinfo.gov/content/pkg/FR-2014-09-29/xml/FR-2014-09-29.xml fdlp 58241 58653 DGPO 2017-01-26 2024-06-02 FR-2014-09-29 machine generated eng FR FR-2014-09-29 79 188