Armed Forces Get Civilian Help
Thursday, August 10th, 2006Finally, 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