Homebuyers Assistance Act

Floor Speech

Mr. MOULTON. Madam Speaker, this is the final amendment to the bill. It will not kill the bill or send it back to committee. If adopted, the bill will proceed immediately to final passage as amended.

We all agree that the men and women who serve in our Nation's military should be afforded every opportunity to live the American Dream that they risked their lives to defend. Unfortunately, too often our servicemembers, veterans, and their families fall victim to unfair and abusive financial practices.

In 2014 alone, the Consumer Financial Protection Bureau received more than 17,000 complaints from servicemembers, veterans, and their families on a variety of issues, from deceptive subprime auto lending to troublesome credit card fees and predatory mortgage loans. That same year, the CFPB was able to return more than $1.6 million to these families. The CFPB is a vital watchdog for American consumers.

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