Posted on Nov 26, 2022
Army veteran suing timeshare company over predatory lending practices
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READ OF THE DAY
Army veteran suing timeshare company over predatory lending practices
By Meghann Myers
Wednesday, Nov 23
A former military couple is seeking to void their timeshare contract based on Military Lending Act violations. (Staff Sgt. Joshua Magbanua/Air Force)
The Federal Trade Commission has joined a lawsuit filed last year by a former soldier and his wife, alleging that the timeshare company they bought into did not follow specific federal regulations that govern lending to members of the military, according to a Tuesday release from the FTC.
The Consumer Financial Protection Bureau has also signed onto the appeal brief, filed Monday, urging the court to overturn a judge’s decision to dismiss the case based on lack of “concrete injury” to the couple, Emmanuel and Tamarah Louis.
PO1 William "Chip" Nagel SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT (Join to see) SGT David A. 'Cowboy' Groth ] Sgt (Join to see) SPC Michael Terrell A1C Medrick "Rick" DeVaney GySgt Jack Wallace CPL LaForest Gray SFC David Reid, M.S, PHR, SHRM-CP, DTM PV2 Larry Sellnow SPC Gary C. SPC (Join to see) SGT Steve McFarland SGT Jim Arnold Amn Dale Preisach SGT Ruben Lozada Lt Col Charlie Brown
Army veteran suing timeshare company over predatory lending practices
By Meghann Myers
Wednesday, Nov 23
A former military couple is seeking to void their timeshare contract based on Military Lending Act violations. (Staff Sgt. Joshua Magbanua/Air Force)
The Federal Trade Commission has joined a lawsuit filed last year by a former soldier and his wife, alleging that the timeshare company they bought into did not follow specific federal regulations that govern lending to members of the military, according to a Tuesday release from the FTC.
The Consumer Financial Protection Bureau has also signed onto the appeal brief, filed Monday, urging the court to overturn a judge’s decision to dismiss the case based on lack of “concrete injury” to the couple, Emmanuel and Tamarah Louis.
PO1 William "Chip" Nagel SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT (Join to see) SGT David A. 'Cowboy' Groth ] Sgt (Join to see) SPC Michael Terrell A1C Medrick "Rick" DeVaney GySgt Jack Wallace CPL LaForest Gray SFC David Reid, M.S, PHR, SHRM-CP, DTM PV2 Larry Sellnow SPC Gary C. SPC (Join to see) SGT Steve McFarland SGT Jim Arnold Amn Dale Preisach SGT Ruben Lozada Lt Col Charlie Brown
Army veteran suing timeshare company over predatory lending practices
Posted from armytimes.comPosted in these groups: 
Law
Law
Posted >1 y ago
Responses: 2
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SFC Joe S. Davis Jr., MSM, DSL Timeshare sales are to be avoided!
Those guys are worse than used care salesmen. They get you to a place of their choosing, give you something free - (to make you feel indebted to them), and are relentless in pursuing you to sign on the line!
Those guys are worse than used care salesmen. They get you to a place of their choosing, give you something free - (to make you feel indebted to them), and are relentless in pursuing you to sign on the line!
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Cpl Vic Burk
CSM Charles Hayden Go for the free meal and gift then tell them you filed bankruptcy six months ago and can't get a loan for five more years! Personally, I think they should be outlawed. They are nothing more than a legal scam right now and pray on people who generally can't afford the payments.
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