FTC Report Highlights Financial Issues Affecting Military Consumers

The Staff Perspective report summarizes highlights from the Military Consumer Financial Workshop in 2017.

2/6/2018 3:00:00 PM

News

A new report from the Federal Trade Commission’s Bureau of Consumer Protection examines financial issues that can affect military consumers, including servicemembers, veterans and their families when they are purchasing a car, contacted by a debt collector or making credit decisions, according to a news release from the FTC.

The report also covers military consumers’ legal rights and remedies and strategies to promote financial literacy and capability.

“We honor servicemembers, veterans and military families who make sacrifices for all Americans,” Acting FTC Chairman Maureen K. Ohlhausen said in the news release. “They face unique financial challenges and the Staff Perspective we [released] today will help them overcome these challenges.”

The FTC Staff Perspective summarizes top takeaways from a workshop the agency held in July 2017 on military consumer financial protection, which brought together military consumer advocates, consumer groups, government representatives (local, state and federal), military legal services and legal clinics, and industry representatives, according to the news release.

See below for ACA International’s coverage of the 2017 event.

Related Content from ACA International:

ACA Member Mark Thompson Provides Insights on Servicemember and Debt Collection Issues During FTC Military Workshop

New FTC Website Focuses on Resources for Military Community

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