Last month, the Department of Defense published a final rule that dramatically expands the scope of the Military Lending Act (MLA). Not only does the final rule extend the MLA's 36 percent interest rate cap and other restrictions to all payday, vehicle title, and refund anticipation loans regardless of type, amount, or term, it also makes the MLA's rate cap and restrictions applicable to many new products, including credit cards, installment loans, private student loans, certain federal student loans, and deposit advance loans. Noncompliance with the final rule will carry significant risk—agreements that violate the MLA are void from inception (and knowing violations constitute a misdemeanor), and private plaintiffs can recover actual damages of not less than $500 per violation, plus punitive damages, attorneys’ fees, and other remedies.


  • Products covered by the MLA under the final rule
  • MLA restrictions and disclosures for covered products
  • Charges included in the Military Annual Percentage Rate (MAPR)
  • Changes in documentation and practices needed to comply with the final rule


Monday, August 24, 2015
12:00 PM - 1:00 PM ET 


Alan S. Kaplinsky
Practice Leader
Consumer Financial Services Group


John L. Culhane, Jr.
Consumer Financial Services Group

Anthony C. Kaye
Consumer Financial Services Group

Scott M. Pearson
Consumer Financial Services Group

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa M. Prickril at


Related Practice

Consumer Financial Services