CHICAGO--(BUSINESS WIRE)--UNITE HERE is seeking stories from US military servicemembers who have taken out auto loans through the MILES program.
In June 2013, the US Consumer Financial Protection Bureau (CFPB), with the assistance of the Department of Defense and Judge Advocate General (JAG), determined that the MILES program engaged in deceptive marketing and lending practices targeting active-duty military servicemembers. The company was required to return $6.5 million to servicemembers, and must stop requiring loan payments from their military payroll allotments.
The MILES program has continued to prominently market the use of allotments to pay auto loans.1
If you are a servicemember who has taken a loan through the MILES program since June 2013, we would like to hear from you. Please contact Elliott Mallen at (312) 656-5807 or firstname.lastname@example.org.
The MILES program is a subsidiary of DFC Global, a major payday lender and pawn shop operator. DFC Global was purchased last year by Lone Star Funds, an institutional private equity fund manager.
1 <https://www.usmiles.com/index.php/about/faq/#allot> Accessed 2/11/2015