The Consumer Financial Protection Bureau is looking for input from credit unions and other financial service providers on what types of services and products are being offered to military service members and their families. According to a press release issued by the CFPB, the information gathered will help the Office of Servicemember Affairs develop financial education and outreach initiatives for military families.
“Military families face unique challenges especially when it comes to their finances,” said Holly Petraeus, Assistant Director for the Office of Servicemember Affairs. “We believe that open dialogue is key to addressing these challenges. By identifying the products and services that aim to assist their particular needs, our office will be able to better serve servicemembers and their families”.
The CFPB’s request for information outlines the details they wish to receive on a variety of topics, including:
- financial products and services currently offered to the military and which products and services are tailored to the unique financial needs of service members and their families;
- financial education opportunities currently offered to service members and their families;
- programs, policies, accommodations or benefits that credit unions currently provide to service members and their families that may exceed those required by statute (such as the Servicemembers Civil Relief Act).
Comments are due September 20. If your credit union would like to share information on the products and services provided unique to the service men and women, please send your letter to firstname.lastname@example.org