In 2006, Congress capped rates of interest on payday advances to active responsibility users of this military

Evading Federal defenses for the Military; Harming our Troops. In 2006, Congress capped rates of interest on pay day loans to active responsibility users regarding the army and their loved ones at 36per cent APR. This legislation expanded away from concern through the Department of Defense and base commanders that troops had been being trapped in high degrees of www checkmate loans pay day loan financial obligation. Continue reading