CFPB's Holly Petraeus defends service members' finances

03/20/2012 | USA Today

As head of the Office of Servicemember Affairs for the Consumer Financial Protection Bureau, Holly Petraeus tries to help military personnel and their families make solid financial decisions and prevent them from being victims of fraud. At least 27% of military families have racked up more than $10,000 in credit card debt and about one-third of enlisted service members and junior non-commissioned officers say they use payday lenders. Petraeus has experience in business and the military from her work with the Better Business Bureau and as the wife of CIA Director David Petraeus.

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