A Ban On High-Cost Loans Could Be Coming

A Ban On High-Cost Loans Could Be Coming

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

The Military Lending Act caps interest that is annual loans to army users at 36% and provides other safeguards. Now, lawmakers are proposing to give that security to veterans yet others.

A few years back, cash had been extremely tight for Chasity Wohlford. Leer más