NPR: Trump administration wants to relax lending rules to members of the US Military

Keep on hearing Trump supports the troops.

But behind the scenes it appears he is listening to the National Association of Auto Dealers (NADA) and lending institutions and is ready to make it legal for car dealers and lenders associated with them to overcharge members of the US military by rolling back rules of the Military Lending Act.

From the link:
"The MLA is supposed to protect service members from predatory loans and financial products. But the White House appears willing to change the rules in a way that critics say would take away some of those protections.

"If the White House does this, it will be manipulating the Military Lending Act regulations at the behest of auto dealers and banks to try and make it easier to sell overpriced rip-off products to military service members," says Christopher Peterson, a law professor at the University of Utah, who reviewed the documents."


.https://www.npr.org/2018/08/13/637992389/white-house-takes-aim-at-financial-protections-for-military