Guest Blogger Carmen Adams, SDSU
Being in the military often comes with a lot of change: new cities, new homes, new friends, and new cars. Military personnel are frequently the targets of fraudulent car dealers and are often taken advantage of. Because of past occurrences, the Consumer Financial Protection Bureau (CFPB) created the Office of Servicemember Affairs (OSA). The OSA “works to help military families overcome unique financial challenges by providing educational resources, monitoring complaints, and working with other agencies to solve problems faced by service members.” The CFPB has done work to strengthen the Military Lending Act and it monitors service member complaints. Additionally, the website provides a number of resources for military personnel, such as how to navigate a financial life-cycle in the military and how to manage money in general.
To read the full article, please go to: https://sellmax.com/avoid-car-scams/#why
This article was submitted by Carmen Adams, a graduate student at San Diego State University.