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ASSURE Act protects retirees from predatory lenders

A House bill would protect federal, postal and military retirees from predatory lenders who target retirees pensions.

By Paula Aven Gladych | Updated on October 22, 2013

A bill being introduced in the House of Representatives this week would protect federal, postal and military retirees from predatory lenders who target their pensions.

The Annuity Safety and Security Under Reasonable Enforcement, or ASSURE, Act, sponsored by Rep. Matt Cartwright, D-Pa., expands on the 1968 Truth in Lending Act to cover lenders who issue loans to federal pensions.

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