WASHINGTON, D.C.–(ENWESPF)–August 2, 2013. In an effort to protect soldiers and their families from abusive financial practices, U.S. Senators Dick Durbin (D-IL), Jack Reed (D-CT), Mark Udall (D-CO) joined with twenty of their colleagues yesterday in calling on Department of Defense (DOD) Secretary Chuck Hagel to close a loophole that allows lenders to restructure their traditional loans to avoid a DOD rule limiting the amount of interest on consumer credit products sold to servicemembers.
