Combatting Predatory Lending

May 2007
Soldiers;May2007, Vol. 62 Issue 5, p36
The article focuses on the passage of the Military Personnel Financial Services Protection Act that aims to address the problem of predatory lending practices aimed at military personnel in the U.S. The Act establishes mandatory requirements for the sale of insurance and investment-advisor services on military installations. It claims that the Act does not eliminate the underlying reasons why people take out payday loans. It suggests an approach to end predatory lending.


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