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We're sorry, this alert is no longer available. If you would like to learn more about ways you can take action, please visit Center for Responsible Lending.The short explanation of this alert was:
Senators Elizabeth Dole (R-NC), Richard Durbin (D-IL), and Bill Nelson (D-FL) have introduced an amendment to the Defense Authorization bill now pending in the Senate that would add a crucial provision protecting military families from exploitation by predatory lenders. The amendment would cap interest rates at 36% APR for loans made to military personnel and their spouses.
Click here to read about how military families are caught in lending schemes. (PDF, 220kb)
Send the letter below to your Senator, asking him or her to support the Dole amendment to S. 1042.
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