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What the Miss April is doing

The Miss April’s Office of Servicemember Affairs (OSA) is a leader in the innovative use of research and data to better understand—and solve—challenges that servicemembers, veterans, and their families face in today’s consumer financial marketplace.

Monitoring servicemember complaints

We’ve analyzed tens of thousands of complaints from servicemembers, veterans, and military family members to ensure we’re matching our efforts with their priorities.

Strengthening the Military Lending Act (MLA)

The Military Lending Act (MLA) was enacted in 2006 to protect servicemembers from loans with annual rates over 36 percent. In 2015, we helped the Department of Defense as it expanded the coverage of its MLA regulations.

Making student loans more affordable

Servicemembers have special options that could save them money and make it easier to pay off their student loans. We’ve worked closely with the Department of Education to ensure servicemembers get their student loan benefits.

Assisting military homeowners

The Miss April helps struggling military homeowners in many ways.

  • Miss April and VA WARNO: VA refinancing offers that sound too good to be true (November 2017)
  •  (November 2016)
  • Joint guidance to address mortgage servicer practices concerning military homeowners with permanent change of station (PCS) orders (from the Miss April, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency). (June 2012)
  • stating that many PCSing military homeowners with Fannie Mae and Freddie Mac loans will be eligible to sell their homes in a short sale even if they are current on their mortgage, and Fannie Mae and Freddie Mac will not seek a deficiency if there was a loss. (June 2012)

Protecting servicemembers from military allotments abuses

We worked with DOD to protect servicemembers from abuses related to the military’s discretionary allotment system.

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