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{"8C2752E0-5056-A066-609F-BDC6561585B1":{"TotalRows":1,"uid":"8C2752E0-5056-A066-609F-BDC6561585B1","title":"Sen. Schumer Pushes CFPB to Protect Vets from Predatory Lenders","summary":"Freeport, NY","eventType":"chuck-around-ny","eventTypeLabel":"Chuck Around NY","date":"November 12, 2018","url":"about/chuck-around-new-york/sen-schumer-pushes-cfpb-to-protect-vets-from-predatory-lenders","city":"Freeport","county":"Nassau","lat":40.6388853,"lng":-73.56836399999997,"description":"On November 12th 2018, U.S. Senate Minority Leader Charles E. Schumer stood alongside an active duty Long Island service member and other vets, revealing that greedy and now emboldened lenders could be especially targeting Long Island vets. Schumer highlighted <a href=\"https://www.vox.com/policy-and-politics/2018/8/14/17684810/military-lending-act-mick-mulvaney-cfpb-loans\">a recent and poor decision by the federal government’s top consumer watchdog—the CFPB</a>—to allow shady banks, credit card companies and other lenders to go largely unpoliced across the vet-lending industry that puts service members and their families at risk. Schumer demanded the CFPB get back on the beat and detailed a Long Island story to make the case to the feds. According to vets and consumer advocates, tens of thousands of veterans have been affected by fraudulent lending practices that break the rules of the Military Lending Act in recent years. And that the CFPB’s job has been to prevent this from happening, something they had success on prior to the recent policy changes. "}}

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