Attorney and former Army officer John Berry advises auto dealers and other business owners to steer clear of three common but highly insensitive questions many ask of military veterans during the hiring process and at the workplace.
The U.S. Department of Justice announced Nissan Motor Acceptance will pay $3 million to settle charges that it unlawfully repossessed 113 vehicles belonging to active military members.
Today, the Defense Department issued a final rule that expands the types of credit products covered by the 36% rate cap and other military-specific protections under the Military Lending Act.
A report released Monday by the regulator highlights how loopholes in the current Military Lending Act rules are racking up the costs of loans for servicemembers.
Starting Jan. 1, active-duty troops will no longer be able to use military allotments to purchase or lease vehicles, among other things. The policy change was made in response to enforcement actions brought by the CFPB.
The finance source joins representatives from the White House, U.S. Military, Departments of Labor and Veterans Affairs, and Blackstone portfolio companies to advance hiring of veterans.
An Alabama used-car dealer who failed to decrease an active-duty service member’s loan interest rate before repossessing his car pleaded guilty to violating the Servicemembers Relief Act.
Toyota, Lexus and their respective finance divisions announced they are offering special APRs and rebates to qualified military personnel and inactive reserves looking to purchase a new car.
Vets-Cars Group has introduced the Vets-Shield Command Care, a service contract geared toward active and former military personnel and their families.
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