Conor Lamb

From the office of:

Conor Lamb

Sending Office: Honorable Conor Lamb
Sent By:

        Request for Signature(s)

Current Signers: Jones, Rosen Suozzi, Velázquez, Moulton, Heck, McEachin, Carson, Foster, Kind, Grijalva, Kaptur, Norton, Clarke, Schakowsky, Brownley, Doyle, O’Halleran, Takano, Napolitano, Kuster, Pocan, Schiff

Dear Colleague,

Please join Reps. Jones (R-NC), Rosen (D-NV), and me in expressing our concerns regarding


that the Consumer Financial Protection Bureau (CFPB) is proposing to exclude the Military Lending Act (MLA) from its routine examinations of lenders.

Without even notifying
the Department of Defense, the CFPB is pursuing action that removes critical financial protections from our active-duty servicemembers. This must be stopped.

Rather than subjecting our servicemembers to high-cost, predatory lending, the CFPB should follow existing law and take proactive steps to ensure that lenders and institutions are respecting and adhering to servicemembers’ financial protections, afforded
to them under the MLA. It can and should do so preemptively by maintaining the MLA as part of the CFPB’s routine examinations of lenders to ensure they are complying with these important protections.

For additional information or to sign on to this bipartisan letter, please contact Chris Bowman in Rep. Lamb’s office  ( or x52301), Ray Celeste in Rep. Jones’s office (
or x53415), or Grant Dubler in Rep. Rosen’s office ( or x53252). A

similar letter
led by Senator Reed was signed by 49 Senators and many organizations have

expressed their opposition
to this move directly to Mr. Mulvaney and Secretary Mattis. I greatly appreciate your consideration of our servicemembers and their families.
Deadline to sign on to this letter is EOB Friday, 10/19/18.


Conor Lamb

October XX, 2018


The Honorable Mick Mulvaney

Consumer Financial Protection Bureau

1700 G St, NW

Washington, DC 20552

Dear Mr. Mulvaney,

We are writing in response to reports that the Consumer Financial Protection Bureau (CFPB) will exclude the Military Lending Act (MLA) from its routine examinations of lenders, weakening critical protections for servicemembers and their families.  This is
troubling because the CFPB currently has the supervisory, examination, and enforcement authority it needs to oversee institutions under its jurisdiction and ensure they are in full compliance with the MLA.  Accordingly, we join our colleagues in the Senate,
over a dozen Members of the House Armed Services Committee, and the more than forty military and veterans service organizations, urging you to ensure that active duty servicemembers and their families continue to receive all their due MLA protections.

When Congress passed the MLA, the issue was clear: high-cost and predatory lending is a risk to servicemembers and military readiness.  Department of Defense (DOD) studies have found servicemembers and their families are disproportionately targeted by predatory
lending practices and determined that these practices pose a significant risk to our national security.  The MLA curtailed these unjust practices, and Congress further gave the CFPB responsibility for regular supervisory examinations of lenders and institutions,
checking to ensure soldiers’ financial protections are maintained.  Among the protections included in the MLA was capping the annual interest rate servicemembers and their families could be charged at 36%.  Shifting the burden of detecting and reporting MLA
abuses or violations to the brave men and women serving our country, many of whom are overseas, rather than the very regulators who should be serving as sentries to protect those who protect us, is unreasonable and unnecessary.

The CFPB should utilize all of its authorities and continue to provide vigilant, effective consumer protection for our men and women in uniform.  We therefore urge you to recommit the CFPB to protecting servicemembers and their families by continuing to
include the MLA as part of the CFPB’s routine examinations of lenders.


Conor Lamb

Walter B. Jones

Jacky Rosen


Cc: The Honorable Secretary of Defense

Related Legislative Issues

Selected legislative information:Armed Services, Consumer Affairs, Economy, Finance, Veterans

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