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Sat Jan 28, 2012, 08:34 PM

CFPB (Consumer Financial Protection Bureau): campaign against predators who prey on mil. personnel.

Anyone who lives around military bases has heard stories about unethical sales people and practices that are designed to victimize unsophisticated enlisted folks.

Secretary Cordray has initiated a plan to shut them down and I have heard on the grape vine that some offices are closing this weekend so as to not be caught in federal prosecutions.


WASHINGTON, D.C. — Officials from the Consumer Financial Protection Bureau (CFPB), the Department of Defense, and the Federal Trade Commission (FTC) were joined by the New York Attorney General today to announce the development of a database to combat consumer financial frauds directed at military members, veterans, and their families. The Repeat Offenders Against Military (ROAM) Database will track completed enforcement actions against companies and individuals who repeatedly scam military personnel.

“As a former Ohio Attorney General, I know how frustrating it is to expose a scam and then see it take root in another state. The ROAM database will help law enforcement crack down on frauds that cross state lines,” said CFPB Director Richard Cordray today at a press conference. “ROAM is a huge step forward in our mission to improve consumer protection for the military community.”

Law enforcement officials across the country, including state Attorneys General, United States Attorneys, and Judge Advocates (JAGs) from all five branches of the armed forces, will be able to search the ROAM database for publicly available information about completed civil and criminal legal actions against perpetrators of financial scams against military personnel, veterans, and their families.

“During my visits to military communities across the country, I continue to hear stories of servicemembers and veterans being defrauded by businesses that see our troops as easy targets for a quick profit. This database will help law enforcers stop some of the worst offenders – those that have made a practice of targeting our men and women in uniform and our veterans,” said Holly Petraeus, the CFPB’s Assistant Director for the Office of Servicemember Affairs.

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