Guard against fraud and make better financial decisions for Military Consumer Protection Month
From websites, interactive tools, and local support groups, servicemembers can explore a range of resources to guard against fraud and make better-informed decisions when managing their money.
This year, the national Military Consumer campaign has designated July as Military Consumer Protection Month. This annual event was first launched in 2013 as Military Consumer Protection Day by the Federal Trade Commission (FTC) as a way to raise awareness about identity theft crimes impacting service members, but now its become a national month-long campaign supported by more than 50 partners .
Military Consumer campaign partners include federal and
state agencies, consumer advocates, and military support groups from around the
country. We’ve joined forces with them to highlight and promote free financial resources
that can help servicemembers, military families and veterans manage their money
Websites and interactive tools for your consumer financial needs
To mark this year’s observance, Military Consumer will be updating its website with featured tips on 25 military finance topics with links to partner resources. You should also visit the CFPB’s interactive consumer tools: Owning a Home, Paying for College, Planning for Retirement, or Taking Control of Your Auto Loan. If you’re just looking for answers to frequently-asked financial questions, visit Ask CFPB.
Explore free resources and get local support
Taking a look at CFPB’s servicemember resources or contacting a DoD military personal financial manager can be a great first stop for military members who have financial questions or want to submit a consumer complaint. There are also local resources that can help to expand your first line of defense:
consumer protection offices - Check out your state attorney general’s office for
consumer protection and servicemember resources. You
can also file a complaint with them. Some
states centralize consumer protection services under a separate state
government office such as the Department of Consumer Affairs or the
Department of Commerce and Consumer Affairs.
Business Bureau - The BBB’s
Military Line consumer education program provides free financial literacy
resources to servicemembers and veterans.
- Financial Industry Regulatory Authority (FINRA) - If you need tips on how to invest safely or spot investment fraud, visit FINRA’s Investor Education Foundation
This year, make each day of this Military Consumer Protection Month a step forward on your path to being a smarter and safer consumer by exploring all that the CFPB and Military Consumer have to offer you.