Military service members are often taken advantage of by unscrupulous lenders. It's so bad, that Congress required that the new Consumer Financial Protection Bureau have a special office designed just to deal with the education and protection of service members and their families.
Now the CFPB is seeking public input on products and services tailored to service members so it can use the information to design education and outreach programs for the military.
This initiative is headed up by Holly Petraeus, the CFPB's Assistant Director for the Office of Servicemembers Affairs and, yes, the wife of the former general.
Specifically, Mrs. Petraeus' office wants info on:
— Products and services aimed at service members' financial needs
— What financial education or other programs are underway for service members and their families
— Homeowner assistance offered to service members in distress
— Best ways to reach service members with programs and services
If you have any ideas, comments are due in two weeks. Submit them here.