CFPB Seeks Input on Products for Military Families

WASHINGTON — The Consumer Financial Protection Bureau said Wednesday it is seeking public input on products and services aimed at members of the military and their families.

The bureau, which has a separate Office of Servicemember Affairs, will use the information to help develop training and outreach programs.

"Military families face unique challenges especially when it comes to their finances," Holly Petraeus, the assistant director for the bureau's Office of Servicemember Affairs, said in a press release Wednesday. "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 bureau is seeking information on products and services currently offered to military families, and the way that those products are marketed. It is also seeking information on the financial education opportunities offered to those families; the types of programs, policies or benefits that financial services providers offer above and beyond what is required by statute; and the types of homeowner assistance offered to military families, especially distressed borrowers.

The deadline for the comment period is Sept. 20.

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