Jump to Content
ABA: The American Bankers Association

Military Lending Act

MLA restricts the terms, including the military annual percentage rate, on certain consumer loans made to military personnel, their spouses, and dependents and requires they be provided certain disclosures.

The Department of Defense is responsible for adopting regulations and significantly expanded the regulation's scope in 2015 to include credit cards and unsecured personal loans. Problems with the regulation (including those related to GAP insurance) persist despite the DoD's adoption of an "interpretive rule."

Related Training & Events

ABA Resources

Our Experts

Nessa Feddis

Nessa E. Feddis

SVP & Senior Counsel, Consumer Regulations and Compliance Solutions


Contact Nessa

Stay Connected