United States Government Publishing Office
publisher
pbl
distributor
dst
United States
Government Accountability Office
author
aut
Government Organization
text
government publication
eng
GAOREPORTS
Legislative Agency Publications
gao
legislative
2010-08-12
U.S. Government Printing Office
2005-04-26
monographic
deposited
born digital
43 p.
GA 1.13:GAO-05-349
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-349
P0b002ee18038d2a4
f:d05349
DGPO
2010-08-12
2011-03-23
GAOREPORTS-GAO-05-349
machine generated
eng
fdlp
REPORT
GAOREPORTS-GAO-05-349
GAO-05-349
Data collection
Fees
Fraud
Loan interest rates
Loans
Military personnel
Surveys
Personal loans
Predatory lending
Other Written Product
A22723
Military Personnel: DOD's Tools for Curbing the Use and Effects of Predatory Lending Not Fully Utilized
The Department of Defense (DOD) has expressed concerns about
servicemembers' use of predatory consumer loans as well as their
overall financial conditions. "Predatory lending" has no precise
definition but describes cases where a lender takes unfair
advantage of a borrower, sometimes through deception, fraud, or
terms such as very high interest or fees. Serious financial
problems can adversely affect unit morale and readiness as well
as servicemembers' credit history and military career. DOD has
tools such as off-limits lists to help curb the use and effects
of predatory loans. GAO answered two questions: (1) To what
extent do active duty servicemembers use consumer loans
considered to be predatory in nature? and (2) Are DOD and active
duty servicemembers fully utilizing the tools that DOD has to
curb the use and effects of predatory lending practices?
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-349/html/GAOREPORTS-GAO-05-349.htm
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-349/pdf/GAOREPORTS-GAO-05-349.pdf
GAO-05-349
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-349
Other Written Product
GAO-05-349; Military Personnel: DOD's Tools for Curbing the Use and Effects of Predatory Lending Not Fully Utilized;
Data collection
Fees
Fraud
Loan interest rates
Loans
Military personnel
Surveys
Personal loans
Predatory lending