KPBS: Sen. Elizabeth Warren calls on Marine Corps to pause contract with Oceanside-based Frontwave Credit Union

U.S. Sen. Elizabeth Warren is calling for closer scrutiny of the Marine Corps’ relationship with Oceanside-based Frontwave Credit Union, which handles direct deposits for thousands of Marine recruits every year.

In a letter to Defense Secretary Pete Hegseth, the Massachusetts Democrat requested the U.S. Department of Defense (DOD) hold off on renewing Frontwave’s contract with the Marine Corps until the department can ensure servicemembers “have adequate protections in place to prevent excessive overdraft fees and other abusive practices.”

The contract went up for review in March.

A KPBS investigation last year found Frontwave has — for decades — benefited from an exclusive arrangement with the Marine Corps. About 20,000 Marine recruits, some as young as 17 years old, go through boot camp at the San Diego Marine Corps Recruit Depot (MCRD) every year.

...

Read the full article here.

• Print
• Email
• Tweet