UNITE HERE seeks US military servicemembers with auto loans from MILES program

Auto lender continues to encourage borrowers to use military allotments despite federal regulatory action

CHICAGO--()--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 emallen@unitehere.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

Contacts

UNITE HERE
Elliott Mallen, 312-656-5807
emallen@unitehere.org

Recent Stories

RSS feed for UNITE HERE

Release Summary

UNITE HERE is seeking stories from US military servicemembers who have taken out auto loans through the MILES program, a subsidiary of DFC Global. DFC Global is owned by Lone Star Funds.

UNITE HERE