Martin O'Malley

Martin O'Malley's policies onForeign Policy

Direct the Consumer Financial Protection Bureau to protect military families

Governor O’Malley will direct CFPB to take steps to protect military families from predatory businesses such as payday lenders and for-profit colleges. Loopholes in the Military Lending Act that allow rates in excess of 36% APR must be closed, as well as ones that exempt Pentagon and VA tuition assistance caps on the amount of federal aid a college can receive. These loopholes make service members and veterans attractive targets for unscrupulous businesses and must be closed.

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