U.S. Senator Bob Menendez today joined colleagues in calling for additional tools to better protect members of the military and their families from abusive financial practices. During his remarks at a news conference advocating for passage of the Military Consumer Protection Act, Menendez discussed the need for this legislation by telling the story of a Hudson County veteran who faced eviction and homelessness after returning home from active military service.
The Military Consumer Protection Act would empower the Consumer Financial Protection Bureau (CFPB) to oversee and enforce compliance with certain existing provisions of the Servicemembers Civil Relief Act (SCRA), which was designed to ease financial burdens on servicemembers during periods of military service. Despite these SCRA protections, enforcement of this critical law has been found to be inconsistent, resulting in undue harm to servicemembers and their families.
Sen. Menendez was joined at the news conference by Senators Jack Reed (D-R.I.), Chuck Schumer (D-N.Y.), Dick Durbin (D-Ill.), Elizabeth Warren (D-Mass.), Al Franken (D-Minn.) and Richard Blumenthal (D-Conn.), and Congresswoman Tammy Duckworth (D-Ill.).