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DOD and Financial Protection Bureau Underscore Partnership

5/10/2012

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Department of Defense released a press release saying that they and the new Consumer Financial Protection Bureau signed a joint statement of shared principles that underscores their partnership to protect the finances of service members.  

The statement pusts on paper the departments' shared interests, which include: 

  • Protecting service members and their families from illegal consumer financial practices and products;
  • Enabling the department and the bureau to provide input to each other to reduce financial risk for service members and their families;
  • Working together to address consumer financial concerns of military members and their families;
  • Reducing risk in the small-dollar lending market; and
  • Supporting financial literacy among service members and their families.

Learn more about the joint statement.

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