WASHINGTON – Many military personnel, including active duty, reservists and retirees, don’t always get a warm welcome when they return home, especially from financial institutions, says Senator Charles Schumer.
“And when our men and women in uniform come home, we should be welcoming them with a huge ‘thank you’, not a huge bill or an eviction notice posted on their front door,” Schumer said during a phone news conference on Wednesday.
Schumer is proposing new legislation, the Military Consumer Protection Act, which would give the Consumer Financial Protection Bureau more authority to enforce existing laws. Last year the CFPB provided over $94 million in refunds and relief to service members and their families.
In the Hudson Valley alone, there are over 1,800 active duty military personnel, many at West Point, 1,685 National Guard and 2,200 reservists
The senator said it’s the right thing to do.
“Men and women in uniform protect this nation bravely. It’s up to us to see they in turn are protected by their nation.”
Schumer’s original cosponsor is Rhode Island Democrat Sen. Jack Reid, a former Army Ranger and U.S. Military Academy grad. Several other senators, all Democrats, have since signed on.
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