A Ban On High-Cost Loans Could Be Coming

A Ban On High-Cost Loans Could Be Coming

The Military Lending Act caps interest that is annual loans to army people at 36% while offering other safeguards. Now, lawmakers are proposing to give that security to veterans as well as others. Shide caption

The Military Lending Act caps interest that is annual loans to armed forces users at 36% while offering other safeguards. Now, lawmakers are proposing to give that protection to veterans yet others.

Updated at 12:23 p.m. ET

A years that are few, cash had been very tight for Chasity Wohlford. The Houston resident, who had been working a low-wage work, had a need to fly to Colorado for a family group crisis. She claims a buddy informed her, « Oh, simply head to this lender that is payday. (suite…)

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