Measures to guard borrowers that are non-military payday loan providers.

As part of the Defense Reauthorization Bill , Senators Jim Talent, R-Mo., and Bill Nelson, D-Fl, introduced a bipartisan amendment that caps interest levels for several loans to solution people and their dependents at 36 %. This amendment, which passed the Senate at the conclusion of June, tries to curb the practice of payday lenders targeting army workers. The Talent-Nelson amendment can be an...
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