Petition to Secretary of Defense James Mattis and Consumer Financial Protection Bureau Acting Director Mick Mulvaney:
Cease your plans to roll back enforcement of the bipartisan Military Lending Act and end rules against auto gap insurance markups."
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Earlier this week, Trump was forced to back down from his plans for a wasteful, exploitative military parade this November. Now his regime is plotting to let Wall Street exploit service members.1,2 In recent reports indicate that the Department of Defense and Mick Mulvaney, Trump's handpicked agent of destruction at the Consumer Financial Protection Bureau, are actively working on detailed plans to sabotage financial protections for members of military.3
Trump can't claim he cares about military service while feeding service members to predatory lenders.
Tell Secretary of Defense James Mattis and CFPB Director Mick Mulvaney: Don't let Wall Street exploit service members. Click here to sign the petition.
Though he cancelled his proposed Veterans' Day 2018 parade after reports that it could cost as much as $92 million, Trump is taking two different steps to let Wall Street prey on service members. The Department of Defense is considering ending rules that keep car dealerships from scamming service members through outrageous markups on a type of car insurance called GAP insurance that service members could acquire cheaply elsewhere.4
Payday lenders often set up shop right outside military bases, directly targeting troops with false promises and deceptive terms and have sucked in a higher percentage of military families than the general public.5 The bipartisan Military Lending Act protects against these and other scams, but Mulvaney has plans to rollback MLA enforcement.6
One retired Army colonel called Trump's plans to stop enforcement "removing the sentries from the guard posts."7
Tell Mattis and Mulvaney: Don't let Wall Street exploit service members. Click here to sign the petition.
Trump's deportation task force at ICE consistently rounds up and deports veterans who have served in the military.8 His administration was recently forced, under intense pressure, to suspend its cruel discharging of undocumented immigrant recruits who had joined the military with a promise that their service would help them gain a path to citizenship.9 He spent his campaign attacking prisoners of wars and Gold Star parents.
Tell Mattis and Mulvaney: Don't let Wall Street exploit service members. Click the link below to sign the petition:
-Heidi Hess, CREDO Action
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