Washington, DC—(ENEWSPF)—November 13, 2014. Today, Congresswoman Tammy Duckworth (IL-8) sent a letter to Secretary Hagel supporting a Department of Defense proposed rule that would protect members of the military from predatory lending. The bipartisan letter was signed by 64 of Duckworth’s colleagues. Current protections under the Military Lending Act apply to only three narrowly defined types of products: closed-end payday loans of $2,000 or less and repayable in 91 days or less; closed-end vehicle title…
