Military Consumer Protection Task Force Act of 2023

HR 1188 establishes a new multi-agency task force to combat financial fraud targeting military personnel, veterans, and their families. The bill requires the Secretary of Defense, in coordination with the VA, to create this Task Force within 90 days, including representatives from Defense, VA, FTC, CFPB, DOJ, FCC, and veterans' service organizations. The Task Force will identify fraud patterns (like imposter scams, pension poaching, and veterans' charity scams), review data on financial exploitation, and evaluate existing protections like the Military Lending Act, then submit annual reports to Congress with recommendations. This directly affects over 110,000 military consumers who reported fraud in 2021, totaling $267 million in losses.