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Author archive: Holly Petraeus

Hollister K. Petraeus Before the Senate Committee on Veterans’ Affairs

Testimony of Hollister K. Petraeus Assistant Director, Consumer Financial Protection Bureau Office of Servicemember Affairs Before the U.S. Senate Committee on Veterans’ Affairs July 31, 2013 Chairman Sanders, Ranking Member Burr, and distinguished Members of the Committee, thank you for the opportunity to speak with you today about the Office of Servicemember Affairs at the […]

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Hollister K. Petraeus Before the U.S. Senate Committee on Homeland Security and Governmental Affairs

Hollister K. Petraeus Assistant Director, Office of Servicemember Affairs Consumer Financial Protection Bureau Testimony before U.S. Senate Committee on Homeland Security and Governmental Affairs July 23, 2013 Chairman Carper, Ranking Member Coburn, and distinguished Members of the Committee, thank you for the opportunity to testify before you today concerning higher education for our nation’s servicemembers […]

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What you should know about military allotments

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We announced a public enforcement action against U.S. Bank and Dealer’s Financial Services (DFS). At issue was the way they used the military discretionary allotment system to have servicemembers pay for cars bought through the MILES (Military Installment Loan and Education Services) Program. It’s an important announcement because it shines a spotlight on potential problems with the use of allotments as a way to pay off consumer debt. Read more here.

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