Senators turn to Pentagon to safeguard Servicemembers by Plugging Payday Loan Loophole

Senators turn to Pentagon to safeguard Servicemembers by Plugging Payday Loan Loophole

WASHINGTON, DC – in order to protect soldiers and their own families from abusive economic techniques, a team of 23 U.S. Senators, led by Jack Reed (D-RI), payday loans Michigan Dick Durbin (D-IL), and Mark Udall (D-CO), is urging Department of Defense (DOD) Secretary Chuck Hagel to shut a loophole that enables loan providers to restructure their conventional loans in order to avoid a DOD guideline restricting the quantity of interest on credit rating services and products offered to servicemembers. Continuer la lecture de « Senators turn to Pentagon to safeguard Servicemembers by Plugging Payday Loan Loophole »