Davis Objects To Cap On Payday Advances To Soldiers

Some customer teams are questioning Rep. Geoff Davis' objections up to a proposition that could place a limit on high rates of interest for soldiers whom sign up for short-term payday advances.

" It could be interesting to understand why Congressman Davis is working contrary to the security of servicemen that at least the Department of Defense wants from Congress," stated Jean Ann Fox, consumer-protection manager when it comes to customer Federation of America.

The Pentagon has accused payday loan providers of surrounding its armed forces articles and exploiting troops.

Davis, an Army veteran and freshman congressman representing north Kentucky, opposes the amendment published by Sens. להמשיך לקרוא

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