Tester Protecting Service Members from Predatory Lending
November 25, 2014
November 25, 2014
BIG SANDY, Mont., Nov. 25 -- The office of Sen. Jon Tester, D-Mont., issued the following news release:
Senator Jon Tester today sent a letter to Defense Secretary Chuck Hagel calling on the Defense Department to implement tough new guidelines to better protect service members from predatory lending.
After a 2006 report found that 17 percent of service members used payday loans and often fell victim to predatory lending, Congress passed the Military Lending Act (MLA . . .
Senator Jon Tester today sent a letter to Defense Secretary Chuck Hagel calling on the Defense Department to implement tough new guidelines to better protect service members from predatory lending.
After a 2006 report found that 17 percent of service members used payday loans and often fell victim to predatory lending, Congress passed the Military Lending Act (MLA . . .