Davis Objects To Cap On Payday Advances To Soldiers

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

” It could be interesting to understand why Congressman Davis is working from the security of servicemen that at least the Department of Defense desires from Congress,” stated Jean Ann Fox, consumer-protection manager for the Consumer Federation of America.

The Pentagon has accused payday loan providers of surrounding its armed forces posts and troops that are exploiting. Read more