Military Lending

Impact

When passing the Military Lending Act (MLA), Congress sought to address predatory actors in the marketplace harming our servicemembers. However, the 2015 amendments to the MLA have resulted in unintended consequences that are making it more difficult for credit unions to serve the military with safe and affordable products and services. 

Where We Stand

CUNA has highlighted a number of areas to the DoD where servicemembers have been harmed by unintended consequences from MLA rules. Members of Congress have also weighed in with DoD with concerns about safe credit being limited because of the unclear requirements under MLA amendments. CUNA is seeking clarifications and guidance from the DoD. 

What We've Told Lawmakers & Regulators
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Contacts

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