Beshear Calling for Better Protections for Military Families Against Predatory Lenders

As part of his Mission Veterans Protected program, Attorney General Andy Beshear is calling on the federal government to better protect Kentucky military families against the onslaught of predatory lenders. Beshear and a group of state attorneys general are asking the Consumer Financial Protection Bureau to reconsider its reported decision to stop examining lenders to ensure they comply with the Military Lending Act of 2006. The act protects military service members and their families from exploitative lenders and loans so that they are no overburdened with debt. Beshear said approximately 60 percent of military families report experiencing stress related to their financial condition.

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