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Army veteran suing timeshare company over predatory lending practices – By Meghann Myers (Military Times) / Nov 23, 2022
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.
“The brief argues that Mr. and Mrs. Louis have a legal right to challenge the contract in court because they suffer harm from their ongoing obligations under the contract, which they have claimed was illegal under the Military Lending Act,” according to the FTC release.
