Hold the Phone! The Deadline for the Defense Database is Monday?
Beginning Oct. 3, 2016, lenders must determine the military status of all their applicants for many forms of consumer credit. One way to do this is through queries to the Defense Manpower Data Center website. The deadline for expressing an interest in direct access to the database is Feb. 1, 2016. That's Monday, folks. Financial institutions didn't even hear about the option until Jan. 12, 2016. Several trade groups are requesting an extension on the connectivity option to March 1, 2016. [1/28/16]