Armed Forces Get Civilian Help
Finally, somebody has the heart to help our hapless armed forces. No, nobody’s ventured to go out to Iraq or Afghanistan… A group of 70 people have planned to help the military wage war with an enemy closer home — payday loans. Kansascity.com reports:
An impressive alliance of 70 consumer and veterans groups is supporting a congressional amendment to protect military personnel and their families from potential predatory loans. The groups say the proposal by Sen. Jim Talent, a Missouri Republican, and Sen. Bill Nelson, a Florida Democrat, will guard military personnel against 300 percent payday loans that can ensnare their families in webs of debt and create financial stress and reduce their military readiness
Read more:Payday loan rate cap aims to help service members
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