November 11th is Veterans Day. This week the CFPB took a moment to recognize and honor the veterans in our ranks: 87 of them! We showed photos of them while they were in the service (some rather surprising), and we also asked them to sum up in three words the meaning of Veterans Day. The [...]
As a lifetime military family member, I’ve seen first-hand the devastating impact financial scams and predatory lending can have on our military families. I also spent 6 years as the head of the Better Business Bureau’s BBB Military Line program, and that was an education for me about the consumer issues and scams that impact [...]
Written Testimony of Hollister K. Petraeus Assistant Director, Office of Servicemember Affairs Consumer Financial Protection Bureau Before the U.S. Senate Committee on Banking, Housing and Urban Affairs Washington, D.C. November 3, 2011 Chairman Johnson, Ranking Member Shelby, and distinguished members of the Committee: thank you for the opportunity to speak with you today about the [...]
Military families throughout the country are not immune to the ongoing housing crisis. On my travels to military bases, I’ve heard too many distressing stories about servicemembers who are underwater on their mortgage and are faced with military permanent change of station (PCS) orders that require them to relocate at a time when their home [...]
Written Statement for the Record by Hollister K. Petraeus Assistant Director, Office of Servicemember Affairs Consumer Financial Protection Bureau Improving Educational Outcomes for Our Military and Veterans Subcommittee on Federal Financial Management, Government Information, Federal Services and International Security U.S. Senate Committee on Homeland Security and Governmental Affairs September 22, 2011 Chairman Carper, Senator Brown, [...]
By Hollister K. Petraeus Military personnel and their families are finding themselves under siege from for-profit colleges. A number of these schools focus on members of the armed forces with aggressive and often misleading marketing, and then provide little academic, administrative or counseling support once the students are enrolled. Vast sums are involved: between 2006 [...]
