AFSA Staff Meet with DoD on MLA

AFSA staff joined several other trades and some financial institutions in a meeting with senior Defense Department staff on the Military Lending Act regulations. This is one of a series of meetings industry has had with the department to continue the dialogue on issues regarding the implementation of the regulations. Much of the discussion focused on implementing the regulations regarding credit cards, which go into effect in October 2017.

Although a new administration could change the 2015 regulations, it is unlikely that a change would occur in the near future.