FTC, CFPB Submit Amicus Brief Defending Servicemembers’ Right to Sue Under the Military Lending Act
The brief asks the appeals court to overturn a lower court decision that denied servicemembers the right to sue to invalidate a contract that they allege violates the Military Lending Act.
- The brief asks the appeals court to overturn a lower court decision that denied servicemembers the right to sue to invalidate a contract that they allege violates the Military Lending Act.
- The district court erred, the brief argues, and its ruling could undermine enforcement of the Military Lending Act, a law designed to protect military families from predatory lending.
- Servicemembers are particularly vulnerable to predatory practices, which can undermine military readiness and morale.
- The Commission vote on whether to file the amicus brief with the CFPB was 4-0.