Pay Day Loans for Military Families

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FEBRUARY 9, 2018 – Any Military Spouse can tell you that during deployments, every day comes with challenges. Some are more concrete, like bearing the brun

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President Obama on Tuesday will unveil new rules designed to protect service members and their families from predatory lenders. capped rates at 36 percent and applied other protections to payday.

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June 12, 2019. A recent survey by the National Foundation for Credit Counseling (NFCC) finds that a growing number of military families are struggling financially: The number not paying their.

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According to the agency, "A payday loan is a short-term loan. In a phone interview, Katie Savant, a government relations issues strategist for the National Military Family Association, said that.

The MLA law caps annual interest rates which payday lenders, auto title loan and tax refund anticipation firms and similar outfits can charge military families at 36 percent.

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