Payday Lenders Surround U.S. Military Bases вЂ” even so the Pentagon Is Preparing to Counterattack
The payday funding industry has вЂњfound its range.вЂќ But support is on the road.
вЂњIвЂ™ve lived on or near military bases my entire life and seen that strip outside the gates, supplying such a thing from furniture to used cars to gadgets to valuable precious precious precious jewelry, as the high-cost credit to invest in them. [They line up there] like bears on a trout movement.вЂќ
Consequently claims Holly Petraeus, brain for the workplace of Servicemember Affairs at payday advances NV the U.S. client Financial Protection Bureau, or CFPB, (plus the spouse of resigned Gen that is four-star Petraeus). And she actually is maybe not the only one concerned with the epidemic of cash advance providers preying on our countryвЂ™s army.
U.S. Sen. Jay Rockefeller calls lenders which can be payday set up store outside U.S. Weiterlesen