The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against an Oakland, Calif.-based lender for allegedly violating the Military Lending Act (MLA) while extending credit.
The action is part of a broader bureau sweep of investigations of multiple lenders that may be violating the MLA, which puts in place protections in connection with extensions of consumer credit for active duty servicemembers and their dependents.
Read on for more from the CFPB.
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