The U.S. Senate has approved an amendment designed to help prevent the families of military personnel from falling prey to predatory lenders.
The bill, co-sponsored by Massachusetts Republican Scott Brown and Rhode Island Democrat Jack Reed, would create a military liaison within the Consumer Financial Protection Bureau.
This new Office of Service Member Affairs would monitor financial scams targeting military personnel and their families.
The Department of Defense and Government Accountability Office have found members of the military, particularly those deployed overseas, are especially vulnerable to deceptive and abusive financial offers.
The amendment was approved Wednesday on a 98-1 vote.
This program aired on May 13, 2010. The audio for this program is not available.