# Military lending act
Consumer Bureau Takes Action to Protect Military Borrowers
Regulator files brief in support of Military Lending Act, seeks to protect servicemembers in financial markets. The Consumer Financial Protection Bureau (CFPB) has taken action in a court case involving a military family that took out a loan to purchase a timeshare. The CFPB says its action here is designed to help enforce the consumer protections enshrined in the Military Lending Act (MLA).
MoneyLion Sued for Charging Illegal Interest Rates
Online lender charged rates in excess of 36%, trapped consumers in memberships. The Consumer Financial Protection Bureau (CFPB) announced it is suing online lender MoneyLion for charging illegal interest rates in excess of 36% to military service members in violation of the Military Lending Act. The CFPB also alleges MoneyLion trapped customers in membership programs and refused to cancel memberships even when asked.