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Financial Watchdog Wants Troops' Input

The government’s newest consumer watchdog is looking for information about financial services targeted to members of the military. In a press release issued this week, the Consumer Financial Protection Bureau asked soldiers and their families to write in about the current state of products, programs and educational efforts geared to helping them financially.

“Military families face unique challenges especially when it comes to their finances,” Holly Petraeus, the bureau’s chief of servicemember affairs, said in the release. “By identifying the products and services that aim to assist their particular needs, our office will be able to better serve servicemembers and their families.”

The bureau wants to hear about financial products for military families, including everything from credit cards and mortgages to payday loans and furniture rental stores, as well as the marketing of these products. It also wants to know what servicemembers think about the quality of education and homeowner assistance programs aimed at soldiers.

Comments are due by Sept. 21. Members of the military and their families can submit their thoughts directly to the Federal Register using this website, or by email to: MilitaryResponse@cfpb.gov.

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Christopher Maag
Credit.com’s Reporter, Chris graduated with honors from the Columbia University Graduate School of Journalism, and has reported for a number of publications including The New York Times, TIME magazine and Popular Mechanics. Reach Chris via email at chris (@) credit.com.

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