In a letter to the Treasury Department, the Department of Defense (DoD) announced its support for financial reform, including the creation of a Consumer Financial Protection Agency, to protect its service members and their families from predatory car dealers. A DoD poll of its financial counselors found that the majority had counseled service members on issues such as "bait and switch financing." In 2006, the DoD's concern about its service members becoming ensnared in a payday lending debt trap contributed to the passage of a 36% federal rate cap for military personnel.

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