Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, September 7, 2011

CFPB Seeks Input on Financial Products Tailored to Military

The Consumer Financial Protection Bureau (CFPB) today announced that it is seeking public input on consumer financial products and services tailored to servicemembers and their families. The information provided will help the CFPB’s Office of Servicemember Affairs to develop financial education and outreach initiatives for military families.  The OSA is seeking information on:

Products and Services: The consumer financial products and services that are currently offered to or used by servicemembers and their families, including those that are specifically tailored to their unique financial needs.

Education: The financial education opportunities that are offered to servicemembers and their families, both in person and online.

Programs: The types of programs, policies, accommodations, and benefits that financial service providers currently provide to servicemembers and their families that may exceed those required by statute.

Homeowner Assistance: The types of unique assistance offered by financial service providers to servicemembers and their families who are distressed homeowners, such as: mortgage modifications; accommodations for servicemembers with Permanent Change of Station Orders; and assistance for wounded, ill or injured servicemembers or surviving spouses of deceased servicemembers.

Marketing and Communication: The marketing and communication strategies that are currently used to inform servicemembers and their families of consumer financial products and services, and those that are most and least effective.

Public comments are due 14 days after the notice is published in the Federal Register.

http://lawprofessors.typepad.com/securities/2011/09/cfpb-seeks-input-on-financial-products-tailored-to-military.html

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