Comment on 22 States Ask Defense Dept. To Do More To Protect Servicemembers From Predatory Lenders

22 States Ask Defense Dept. To Do More To Protect Servicemembers From Predatory Lenders

(frankieleon)When the Military Lending Act was introduced in 2007, it aimed to prevent predatory lenders from gouging military personnel with exorbitant interest rates and mountains of fees. While those protections have proven to be successful in many ways, lenders have since learned how to work around specific limits of the law.

 

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