Category Archives: Money

Debt collector who targeted troops shut down

BUFFALO, N.Y. — A New York debt collector accused of targeting military families is out of business. Attorney General Eric Schneiderman said Friday that Stephanie Lowinger of Buffalo has pleaded guilty to a misdemeanor count of scheming to defraud and … Continue reading

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In wake of suit, Chase lowers interest to 4%

JPMorgan Chase will reduce interest rates to 4 percent for service members whose loans qualify under the Servicemembers’ Civil Relief Act, going even further than the 6 percent cap called for under that law, officials announced.

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Chase admits it erred in foreclosing on troops

WASHINGTON — Troops serving in Iraq and Afghanistan have faced foreclosure on their homes and illegally high interest rates, witnesses told House lawmakers Wednesday.

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Enlisted airmen: Fix NCO-officer pay gap

If you’re an enlisted airman, the longer you serve, the less you make compared to an officer. How big the pay gap is might not even hit you until you have a good number of years under your belt and … Continue reading

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Kids’ scholarship applications due Feb. 22

Applications for this year’s Scholarships for Military Children program must be turned in to a commissary by the close of business Feb. 22.

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10-year aviation vets can net $125K bonus

Hundreds of pilots, including those who fly unmanned aircraft, are eligible for big bucks if they promise to stay in the Air Force at least three more years.

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Errors affect thousands of military mortgages

JPMorgan Chase is issuing checks totaling $2 million to 4,000 service members after discovering overcharges and errors in their mortgages.

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Commissary system gets new director

A senior official with the General Services Administration who previously managed the Marine Corps commissary system has been named the new director of the Defense Commissary Agency.

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Holly Petraeus to take on online loan scammers

The proliferation of Internet scams and bad loans aimed at the military community will be among the first targets of Holly Petraeus, who has just been appointed to lead the office of service member affairs for the new Consumer Financial … Continue reading

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New consumer protection role for Holly Petraeus

Holly Petraeus, a longtime advocate for military families, will lead efforts to establish an office of service member affairs for the new Consumer Financial Protection Bureau.

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