SCHUMER: SERVICEMEMBERS FROM UPSTATE NY ARE AT RISK OF ABUSIVE FINANCIAL PRACTICES WHEN DEPLOYED OVERSEAS; FED REPORT FOUND FINANCIAL INSTITUTIONS FAILED TO ABIDE BY CURRENT LAW MORE THAN 15,000 TIMES, SUCH AS FORECLOSING ON MORTGAGES OR REPOSSESSING CARS; SCHUMER BILL WILL BETTER PROTECT SERVICEMEMBERS & REIN-IN ABUSE

The Consumer Financial Protection Bureau Currently Lacks The Authority To Supervise & Enforce Protections For Servicemembers; Feds Have So Far Been Inconsistent In Enforcing Existing Protections. New Schumer Bill, the Military Consumer Protection Act, Will Give the CFPB – Our Nation’s Premier Consumer Watchdog – the Jurisdiction to Enforce Protections For Upstate NY Soldiers