CINXE.COM
Financial resources for serving servicemembers, veterans, and military families | Consumer Financial Protection Bureau
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holding companies accountable.</p> </div> </div> <div class="block"> <section class="o-featured-content-module "> <div class="o-featured-content-module__text"> <h2 class="h3">Protecting those who protect us</h2> <p>Research shows that only a small portion of active duty National Guard and Reserve members benefit from lower interest rates through the Servicemembers Civil Relief Act.</p> <ul class="m-list m-list--links"> <li class="m-list__item"> <a class="a-link a-link--jump" href="/data-research/research-reports/evidence-of-servicemembers-usage-of-credit-protections-under-scra/" > <span class="a-link__text">Read the report</span> </a> </li> </ul> </div> <div class="o-video-player o-video-player--youtube o-featured-content-module__visual" data-id="OyLKd0Dnb6E" data-src="https://www.youtube.com/embed/OyLKd0Dnb6E?enablejsapi=1&origin=https://www.consumerfinance.gov" data-custom-thumbnail> <div class="o-video-player__video-container u-show-on-video-playing"> <div 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5.086a.835.835 0 0 1 0 1.581"/></svg> </button> <img class="o-video-player__image o-video-player__image--thumbnail o-featured-content-module__img" alt="" src="https://files.consumerfinance.gov/f/images/cfpb_servicemembers-video_thumbnail-square_k3av.original.png"> <time class="o-video-player__duration u-hidden">00:00</time> </div> </div> </section> </div> <div class="block"> <div class="o-full-width-text-group"> <div class="m-full-width-text"> <h2 data-block-key="obt6p" id="financial-resources-for-servicemembers">Financial resources for servicemembers</h2><h3 data-block-key="cat6g" id="the-servicemembers-civil-relief-act-(scra)">The Servicemembers Civil Relief Act (SCRA)</h3><p data-block-key="f1349">The SCRA provides servicemembers certain legal and financial protections, including with respect to wrongful foreclosures and repossessions.</p><p data-block-key="jgm3"><a href="/consumer-tools/educator-tools/servicemembers/the-servicemembers-civil-relief-act-scra/">Learn more about SCRA</a></p><h3 data-block-key="nrz9h" id="the-military-lending-act-(mla)">The Military Lending Act (MLA)</h3><p data-block-key="4hjvl">The MLA provides servicemembers with important protections on many loan products.</p><ul><li data-block-key="jtrp"><a href="/consumer-tools/educator-tools/servicemembers/military-lending-act-mla/">What is the MLA, and what are my rights?</a></li><li data-block-key="f73id"><a class="a-link" href="https://files.consumerfinance.gov/f/documents/cfpb_servicemembers_mla-applicability-flow-chart.pdf"><span class="a-link__text">Does the MLA apply to my loan?</span> <svg aria-hidden="true" class="cf-icon-svg cf-icon-svg--download" viewbox="0 0 12 19" xmlns="http://www.w3.org/2000/svg"><path d="M11.16 16.153a.477.477 0 0 1-.476.475H1.316a.476.476 0 0 1-.475-.475V3.046a.476.476 0 0 1 .475-.475h6.95l2.893 2.893zm-1.11-9.925H8.059a.575.575 0 0 1-.574-.573V3.679H1.95v11.84h8.102zm-1.234 5.604L6.388 14.26a.554.554 0 0 1-.784 0l-2.428-2.428a.554.554 0 1 1 .783-.784l1.483 1.482V7.41a.554.554 0 1 1 1.108 0v5.12l1.482-1.482a.554.554 0 0 1 .784.783z"></path></svg></a></li></ul><h3 data-block-key="24e4c" id="illegal-military-allotment-practices">Illegal military allotment practices</h3><p data-block-key="bo048">We also work with the Department of Defense to protect against abuses of the discretionary allotment system.</p><p data-block-key="76ffn"><a href="/about-us/blog/protecting-servicemembers-from-abuses-of-the-military-allotment-system/">Read about abuses of the military allotment system</a></p><h3 data-block-key="2x6s8" id="navigating-the-military-financial-lifestyle">Navigating the military financial lifestyle</h3><p data-block-key="9srrf">We have financial resources for every stage of military service and beyond.</p><ul><li data-block-key="e70bg"><a href="/consumer-tools/military-financial-lifecycle/">Explore military financial resources</a></li><li data-block-key="bno25"><a href="/consumer-tools/educator-tools/adult-financial-education/tools-and-resources/">Discover additional CFPB resources</a></li></ul><h3 data-block-key="mxqtn" id="credit-records-of-young-servicemembers-and-civilians">Credit records of young servicemembers and civilians</h3><p data-block-key="s1er">Credit histories play a critical role in military service. We compared credit records of young servicemembers across the military and with civilians of the same age.</p><ul><li data-block-key="5b5gk"><a href="/data-research/research-reports/financially-fit-comparing-credit-records-young-servicemembers-civilians/">Read the report (July 2020)</a></li></ul><p data-block-key="8r84l"><a href="/data-research/research-reports/debt-and-delinquency-after-military-service-study-credit-records-young-veterans-first-year-after-separation/">Read the follow-on report on young veterans after military separation (November 2020)</a></p><p data-block-key="es3m5"></p> </div> <div class="m-full-width-text"> <h2 data-block-key="k3t2q" id="tools-and-information-for-military-families">Tools and information for military families</h2><h3 data-block-key="pyoor" id="servicemember-complaints">Servicemember complaints</h3><p data-block-key="5r0k0">By analyzing complaints from servicemembers, veterans, and military family members, we can monitor the financial challenges facing this community.</p><p data-block-key="42pga"><a href="/data-research/research-reports/office-of-servicemember-affairs-annual-report-fy-2022/">Read the latest OSA Annual report (June 2023)</a></p><h3 data-block-key="715kz" id="complaints-about-identity-theft">Complaints about identity theft</h3><p data-block-key="a6nbu">Complaint data shows military consumers increasingly report debts caused by identity theft.</p><p data-block-key="ehg4n"><a href="/consumer-tools/educator-tools/servicemembers/servicemember-reports-about-identity-theft-are-increasing/">Read the issue brief</a></p> </div> </div> </div> <div class="block"> <section class="o-featured-content-module "> <div class="o-featured-content-module__text"> <h2 class="h3">Misadventures in Money Management (MiMM)</h2> <p>MiMM is a cutting-edge, virtual-learning experience that trains future and current servicemembers and their families on how to navigate future financial landmines.</p> <ul class="m-list m-list--links"> <li class="m-list__item"> <a class="a-link a-link--jump" href="/consumer-tools/educator-tools/servicemembers/mimm/" > <span class="a-link__text">Overview of MiMM</span> </a> </li> <li class="m-list__item"> <a class="a-link a-link--jump" href="https://www.mimm.gov/"> <span class="a-link__text">Experience the adventure at MiMM.gov</span> <svg aria-hidden="true" class="cf-icon-svg cf-icon-svg--external-link" viewbox="0 0 14 19" xmlns="http://www.w3.org/2000/svg"><path d="M13.017 3.622v4.6a.554.554 0 0 1-1.108 0V4.96L9.747 7.122a1.7 1.7 0 0 1 .13.646v5.57A1.664 1.664 0 0 1 8.215 15h-5.57a1.664 1.664 0 0 1-1.662-1.663v-5.57a1.664 1.664 0 0 1 1.662-1.662h5.57A1.65 1.65 0 0 1 9 6.302l2.126-2.126H7.863a.554.554 0 1 1 0-1.108h4.6a.554.554 0 0 1 .554.554M8.77 8.1l-2.844 2.844a.554.554 0 0 1-.784-.783l2.947-2.948H2.645a.555.555 0 0 0-.554.555v5.57a.555.555 0 0 0 .554.553h5.57a.555.555 0 0 0 .554-.554z"></path></svg></a> </li> </ul> </div> <div class="o-featured-content-module__visual"> <img class="o-featured-content-module__img" src="https://files.consumerfinance.gov/f/images/MiMM_fcm_8TDhSJm.original.jpg" alt=""> </div> </section> </div> <div class="block"> <div class="o-info-unit-group" id="enforcement-actions" > <h3 id="enforcement-actions">Enforcement actions</h3> <p data-block-key="4pet5">We recover millions of dollars for servicemembers and their families by holding companies accountable for their illegal practices.</p> <div class="content-l"> <div class="content-l__col content-l__col-1-2"> <div class="m-info-unit"> <div class="m-info-unit__content"> <p data-block-key="x0hyn"><a href="/about-us/newsroom/cfpb-ftc-take-actions-against-transunion-illegal-rental-background-check-and-credit-reporting-practices/">CFPB and FTC Take Actions Against TransUnion for Illegal Rental Background Check and Credit Reporting Practices</a> (October 2023)</p><p data-block-key="0nlx9"></p><p data-block-key="4urpr"><a href="/about-us/newsroom/cfpb-shuts-down-mortgage-loan-business-of-rmk-financial-for-repeat-offenses-against-military-families/">CFPB Shuts Down Mortgage Loan Business of RMK Financial for Repeat Offenses Against Military Families</a> (February 2023)</p> </div> </div> </div> <div class="content-l__col content-l__col-1-2"> <div class="m-info-unit"> <div class="m-info-unit__content"> <p data-block-key="wseiu"><a href="/about-us/newsroom/cfpb-orders-titlemax-to-pay-a-10-million-penalty-for-unlawful-title-loans-and-overcharging-military-families/">CFPB Orders TitleMax to Pay a $10 Million Penalty for Unlawful Title Loans and Overcharging Military Families</a> (February 2023)</p><p data-block-key="adqeg"></p><p data-block-key="70ga7"><a href="/about-us/newsroom/cfpb-sues-moneylion-for-overcharging-servicemembers-trapping-consumers-in-costly-memberships/">CFPB Sues MoneyLion for Overcharging Servicemembers and Trapping Consumers in Costly Memberships</a> (September 2022)</p><p data-block-key="43f3o"><a href="/about-us/newsroom/?title=&categories=press-release&topics=servicemembers&from_date=&to_date="><b>See all our actions against companies targeting servicemembers</b></a></p> </div> </div> </div> </div> </div> </div> </div> <aside class="u-layout-grid__sidebar"> <div class="block block--flush-top"> <div class="m-reusable-text-snippet"> <h3 data-block-key="v0pvf">About us</h3><p data-block-key="zm3c3">We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.</p><p data-block-key="2ueec"><a href="/about-us/the-bureau/">Learn how the CFPB can help you</a></p> </div> </div> <div class="block"> <div class="o-email-signup"> <header class="m-slug-header"> <h2 class="m-slug-header__heading "> Stay informed </h2> </header> <p> <p data-block-key="haio2">Subscribe for updates on consumer financial issues that affect servicemembers, veterans, and their families.</p> </p> <form class="o-form" id="o-form__email-signup_1" method="POST" action="/subscriptions/new/" enctype="application/x-www-form-urlencoded"> <div class="m-notification"> <svg xmlns="http://www.w3.org/2000/svg" aria-hidden="true" class="cf-icon-svg cf-icon-svg--information-round" viewBox="0 0 17 19"><path d="M16.417 9.583A7.917 7.917 0 1 1 8.5 1.666a7.917 7.917 0 0 1 7.917 7.917M9.64 5.78a1.136 1.136 0 1 0-1.136 1.135A1.136 1.136 0 0 0 9.64 5.781zm-.344 2.884a.792.792 0 1 0-1.583 0v5.203a.792.792 0 0 0 1.583 0z"/></svg> <div class="m-notification__content" > </div> </div> <div class="m-form-field"> <label class="a-label a-label--heading" for="email_1"> Email address </label> <input class="a-text-input a-text-input--full" id="email_1" name="email" type="email" placeholder="mail@example.com" required> </div> <div class="o-email-signup__buttons"> <button class="a-btn">Sign up</button> <a class="a-btn a-btn--link a-btn--secondary" href="/privacy/email-privacy-act-statement/" target="_blank" rel="noopener noreferrer"> See Privacy Act statement </a> </div> <input type="hidden" name="code" value="USCFPB_94"> </form> </div> </div> <div class="block"> <div class="m-related-links"> <header class="m-slug-header"> <h2 class="m-slug-header__heading" id="additional-resources"> Additional resources </h2> </header> <p data-block-key="5qiz4">Find local consumer financial protection resources for servicemembers, veterans, and military families in each of the 50 states. <a href="/practitioner-resources/servicemembers/state-resources/">See the list.</a></p><p data-block-key="g2ove">The military provides free legal advice to servicemembers and their families. <a class="a-link" href="https://legalassistance.law.af.mil/"><span class="a-link__text">Find an Armed Forces Legal Assistance attorney close to you.</span> <svg aria-hidden="true" class="cf-icon-svg cf-icon-svg--external-link" viewbox="0 0 14 19" xmlns="http://www.w3.org/2000/svg"><path d="M13.017 3.622v4.6a.554.554 0 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Illegal Surprise Overdraft Fees </a> </h3> <p class="a-date"> <span class="datetime"><time datetime="2024-11-07T00:00:00">NOV 07, 2024</time></span> </p> </li> <li class="m-list__item"> <h3 class="h4 u-mb5"> <a class="m-list__link" href="/about-us/newsroom/cfpb-report-highlights-challenges-facing-servicemembers-and-veterans-with-student-loans/"> CFPB Report Highlights Challenges Facing Servicemembers and Veterans with Student Loans </a> </h3> <p class="a-date"> <span class="datetime"><time datetime="2024-09-24T00:00:00">SEP 24, 2024</time></span> </p> </li> </ul> </div> <a class="a-link a-link--jump" href="/activity-log/?topics=servicemembers" aria-label="View more related posts"> <span class="a-link__text"> View more </span> </a> </div> </div> <div class="block"> <div class="m-related-links"> <header class="m-slug-header"> <h2 class="m-slug-header__heading" id="real-stories-about-servicemembers"> Real stories about servicemembers </h2> </header> <p data-block-key="iu5aa">Watch a video: <a class="a-link" href="https://www.youtube.com/watch?v=W3aHMsqmFrA"><span class="a-link__text">Meet Harry and Ari</span> <svg aria-hidden="true" class="cf-icon-svg cf-icon-svg--external-link" viewbox="0 0 14 19" xmlns="http://www.w3.org/2000/svg"><path d="M13.017 3.622v4.6a.554.554 0 0 1-1.108 0V4.96L9.747 7.122a1.7 1.7 0 0 1 .13.646v5.57A1.664 1.664 0 0 1 8.215 15h-5.57a1.664 1.664 0 0 1-1.662-1.663v-5.57a1.664 1.664 0 0 1 1.662-1.662h5.57A1.65 1.65 0 0 1 9 6.302l2.126-2.126H7.863a.554.554 0 1 1 0-1.108h4.6a.554.554 0 0 1 .554.554M8.77 8.1l-2.844 2.844a.554.554 0 0 1-.784-.783l2.947-2.948H2.645a.555.555 0 0 0-.554.555v5.57a.555.555 0 0 0 .554.553h5.57a.555.555 0 0 0 .554-.554z"></path></svg></a></p> <ul class="m-list m-list--links"> <li class="m-list__item"> <a href="/your-story/" class="a-link a-link--jump"> <span class="a-link__text">Share your experience</span> </a> </li> </ul> </div> </div> <div class="block"> <div class="m-related-links"> <header class="m-slug-header"> <h2 class="m-slug-header__heading" id="free-brochures-another-way-to-help-clients"> Free brochures: Another way to help clients </h2> </header> <p data-block-key="uzxiz">Share the CFPB’s free brochures on topics from banking to mortgages that can help you reinforce key pieces of information. 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