Military Personnel: DOD's Predatory Lending Report Addressed Mandated Issues, but Support Is Limited for Some Findings and Recommendations

摘要

You requested that we review DOD's 2006 report on predatory lending practices. Specifically, we evaluated DOD's approach and support in preparing its mandated report on predatory lending practices. This report documents findings that we briefed to your offices on August 17, 2007. Enclosure I contains the briefing slides we presented. This briefing contributes to a larger GAO body of work on compensation and financial conditions of military personnel (see the list of related GAO products at the end of this report). In conducting our review, we limited the scope of our work to the types of loans that DOD identified as being predatory in its mandated 2006 report. We examined legislation that mandated the DOD report and regulations such as government- wide and DOD-wide standards for data quality. In addition to reviewing DOD's predatory lending report and the reports cited in that study, we reviewed GAO, Congressional Research Service, and Federal Deposit Insurance Corporation Office of the Inspector General reports on related issues. We developed a tool to systematize our analysis of the quality of research studies and data sources DOD used as support in its report. We interviewed representatives and obtained documents from DOD and the federal agencies, military charity organizations, and consumer groups involved in the preparation of DOD's report as well as other groups whose perspectives were different from those provided in the DOD report.