Based on testimony to a Senate Committee last week by Holly Petraeus, CFPB Assistant Director with the Office of Servicemember Affairs, it looks very likely that an expansion of Military Loan Act coverage will be among proposed changes to MLA regulations that the Department of Defense is expected to issue soon.  The DOD, in consultation

Six banking industry trade groups, including the American Bankers Association, the Consumer Bankers Association and the Financial Services Roundtable, have sent a comment letter responding to a Department of Defense (DOD) advanced notice of proposed rulemaking (ANPR) on changes to the coverage of the DOD’s Military Loan Act (MLA) regulations.  The MLA, as implemented by