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CFPB’s Petraeus to offer financial advice to Hawaiian military families

Daniel K. Akaka

Sen. Daniel K. Akaka (D-Hawaii) will host Holly Petraeus, the director of the Consumer Financial Protection Bureau’s Office of Servicemember Affairs, in a number of meetings aimed at improving consumer protection and increasing military families’ financial literacy.

Akaka and Petraeus will hold a media conference on Wednesday at Joint Base Pearl Harbor-Hickam. Others who are set to attend include Rep. Colleen Hanabusa (D-Hawaii), Lt. Gov. Brian Schatz and Attorney General David M. Louie of Hawaii, as well as Keali’i S. Lopez, the director of Hawaii’s Department of Commerce and Consumer Affairs, PoliticalNews.me reports.

Petraeus, the wife of CIA Director General David Petraeus, has been a long-time advocate for military families and service members. She visits military bases across the country and issues scam protection and financial advice to members of the U.S. armed forces, according to Army Times.

Last month, Petraeus visited Alaska’s Joint Base Elmendorf-Richardson and Fort Wainwright, telling the crowds about the CFPB’s mission to educate military families to make better, informed financial decisions and that her office serves as an advocate resource for those families that fall prey to abusive financial practices.

Akaka, who helped author several provisions of the 2010 Dodd-Frank Act, including portions of the legislation that led to the creation of the CFPB, is a veteran of World War II. Additionally, he serves on the Senate Committees on Armed Services and Veterans’ Affairs, PoliticalNews.me reports.

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