«This study represents a major milestone for the UC - II ® brand, and it validates our efforts to develop new paradigms for joint health products for the
aging population, while also addressing the needs
of an expanding group
of younger,
active, health - conscious
consumers,» said Dr. James Lugo, Chief Scientific Officer
of the
Consumer Health & Nutrition Business Unit
of Lonza.
As used in this paragraph, a «Covered Borrower» means any person who, at the time such person becomes obligated on a loan transaction or establishes an account for
consumer credit, satisfies the requirements under any one or more
of the following classifications, or is otherwise under applicable laws deemed to be a «Covered Borrower» under the Military Lending Act, 10 U.S. Code Section 987: (a) An
active duty member
of the Army, Navy, Marine Corps, Air Force or Coast Guard, or a person serving on
active Guard and Reserve duty (a person described in this clause (a)
of the definition
of «Covered Borrower» is hereinafter referred to as a «Service Member»); or (b) Any
of the following persons, relative to a Service Member: (1) The spouse; (2) A child under the
age of 21; or (3) If dependent on the Service Member for more than one half
of such person's support, any one or more
of the following persons: (i) A child under the
age of 23 enrolled in a full time course
of study at an institution
of higher learning; (ii) A child
of any
age incapable
of self support due to a mental or physical incapacity that occurred before attaining
age 23 while such person was dependent on the Service Member; (iii) Any unmarried person placed in legal custody
of the Service Member who resides with such Service Member unless separated by military service or to receive institutional care or under other circumstances covered by Regulation; or (iv) A parent or parent - in - law residing in the Service Member's household.
But a recent study
of credit -
active consumers in TransUnion's database revealed that 43 percent
of millennials —
ages 18 to 36 — have subprime credit, carrying a VantageScore
of 600 or lower, compared to only 30 percent
of all credit -
active adults.
Millennials tend to avoid visiting bank branches and instead manage their money online — in fact, 94 percent
of consumers under 35 years
of age are
active online banking users, according to First Data, a credit card processing company that provides payment solutions for merchants.