A Ban On High-Cost Loans Might Be Coming

A Ban On High-Cost Loans Might Be Coming

The Military Lending Act caps interest that is annual loans to armed forces people at 36% and will be offering other safeguards. Now, lawmakers are proposing to give that security to veterans yet others. Sid Hastings/AP hide caption

The Military Lending Act caps yearly interest on loans to army users at 36% and will be offering other safeguards. Now, lawmakers are proposing to increase that security to veterans as well as others.

A years that are few, cash had been extremely tight for Chasity Wohlford. The Houston resident, who had been working a job that is low-wage necessary to fly to Colorado for a household crisis. Continue reading “A Ban On High-Cost Loans Might Be Coming”