Office of Servicemember Affairs

From USApedia
Office of Servicemember Affairs
Type: Government
Parent organization: Consumer Financial Protection Bureau
Employees: 50
Executive: Assistant Director for Servicemember Affairs
Budget:
Address: 1700 G Street NW, Washington, DC 20552
Website: https://www.consumerfinance.gov/servicemembers/
Creation Legislation: Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
Wikipedia: Office of Servicemember AffairsWikipedia Logo.png
Office of Servicemember Affairs
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Mission
To empower servicemembers, veterans, and their families by protecting them from financial exploitation and ensuring they have access to fair, transparent, and affordable financial products and services.
Services

Consumer Protection; Financial Education; Advocacy

Regulations

Office of Servicemember Affairs (OSA) is dedicated to supporting military personnel, veterans, and their families in navigating financial challenges and protecting their rights in financial dealings.

Official Site

Mission

OSA's mission is to advocate for the financial well-being of servicemembers by ensuring they are informed, protected, and have access to fair financial services. It aims to educate, advocate, and enforce consumer protection laws specifically tailored to the unique financial circumstances faced by military communities.

Parent organization

OSA is part of the Consumer Financial Protection Bureau (CFPB).

Legislation

OSA was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which aimed to protect consumers, including servicemembers, from abusive financial practices.

Partners

  • Department of Defense (DoD)
  • Veterans Affairs (VA)
  • Military service branches and support organizations

Number of employees

OSA has approximately 50 employees.

Organization structure

  • Office of the Assistant Director provides leadership and strategic direction.
  • Policy and Research develops initiatives and conducts research.
  • Outreach and Education delivers financial education programs.
  • Complaint Handling addresses consumer complaints from the military community.

List of programs

  • Military Lending Act Enforcement
  • Servicemembers Civil Relief Act (SCRA) Advocacy
  • Financial Education Workshops for Military Personnel
  • Complaint Resolution for Servicemembers

Last total enacted budget

The specific budget for OSA is not publicly detailed as it is part of the broader CFPB budget.

Leader

OSA is led by the Assistant Director for Servicemember Affairs.

Services provided

OSA provides services by offering financial education tailored to military life, handling complaints related to financial products and services, advocating for servicemember rights under laws like the SCRA and MLA, and collaborating with military branches to address financial issues unique to the military community.

Regulations overseen

While OSA does not directly oversee regulations, it enforces consumer financial protection laws and regulations, particularly those affecting servicemembers, like the Military Lending Act and the Servicemembers Civil Relief Act.

Headquarters address

1700 G Street NW, Washington, DC 20552

Website

https://www.consumerfinance.gov/servicemembers/

Wikipedia article

There is no specific Wikipedia article for OSA; for context, see wikipedia:Consumer Financial Protection Bureau.

External links