The Exchange Credit Program was established in 1979 by the U.S. Congress to provide active duty military service members with access to credit. The action was taken in response to predatory lending practices in the private sector that plagued young military personnel and their families. The Army & Air Force Exchange Service, which administers the Exchange Credit Program, is governed by a board of directors responsible to the secretaries of the Army and Air Force. Today, there are 1.1 million active private label Military Star credit card accounts tied to a portfolio of $2.33 billion ...