National database helps protect military from financial fraud
January 26th, 2012
Their presence outside military bases has become all too familiar: businesses peddling cars, electronics and other items with undisclosed conditions or sky-high interest rates that quickly become a financial nightmare for service members.
Today, the Consumer Financial Protection Bureau announced as one of its first orders of business that it is partnering with the Federal Trade Commission to put a stop to such scams.
The bureau, which was created to consolidate financial regulators and protect consumers, has created a national database to share between state and federal law enforcement with information about companies that target military members for consumer and financial fraud.
more...
Today, the Consumer Financial Protection Bureau announced as one of its first orders of business that it is partnering with the Federal Trade Commission to put a stop to such scams.
The bureau, which was created to consolidate financial regulators and protect consumers, has created a national database to share between state and federal law enforcement with information about companies that target military members for consumer and financial fraud.
more...