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New Bill Would Protect Federal Retirement Plan Participants from Predatory Lenders
Government Executive
Oct. 21, 2013
"The Annuity Safety and Security Under Reasonable Enforcement -- or ASSURE -- Act ... would expand the 1968 Truth in Lending Act's disclosure provisions to cover lenders who issue loans on federal pensions.... The bill would increase transparency on any payment to a retiree that 'diminishes the benefit recipient's ability to control the payments from their federal or military pension in any way,' and would task the Consumer Financial Protection Bureau with oversight authority."
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