U.S. consumer bureau seeks input on military financial products

The U.S. Consumer Financial Protection Bureau is seeking public comment on financial products aimed especially at members of the military.
OCT 05, 2011
The U.S. Consumer Financial Protection Bureau is seeking public comment on financial products aimed especially at members of the military. The bureau, which is charged with educating consumers about potentially fraudulent financial products, is seeking information on services used by members of the military including those “specifically tailored to their needs,” according to a statement e-mailed today. The agency is also seeking information on homeowner assistance programs, such as those for mortgage modification, and marketing and communications strategies aimed at members of the military. “Military families face unique challenges especially when it comes to their finances,” Holly Petraeus, the bureau's assistant director for the Office of Servicemember Affairs, said in the statement. “By identifying the products and services that aim to assist their particular needs, our office will be able to better serve service members and their families.” Public comments will be due 14 days after a notice is published in the Federal Register. --Bloomberg News

Latest News

Osaic executives Kristy Britt and Greg Cornick to leave
Osaic executives Kristy Britt and Greg Cornick to leave

The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.

Estate planning becomes a client retention issue for financial advisors, survey finds
Estate planning becomes a client retention issue for financial advisors, survey finds

Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.

Candidly adds AI agents for Trump Accounts, workplace benefits
Candidly adds AI agents for Trump Accounts, workplace benefits

CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.

BMO adds three advisors in Dallas amid Y'all Street wealth boom
BMO adds three advisors in Dallas amid Y'all Street wealth boom

The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.

UBS moves toward full-service US bank as plans to extend wealth business
UBS moves toward full-service US bank as plans to extend wealth business

Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.