(Reuters) - WASHINGTON, April 9 - The U.S. Defense Department will propose curbs on what it considers predatory lending to military service members and their families such as payday loans, car title lending and tax refund anticipation loans, a draft of the proposal showed.
"A major concern of the department has been the debt trap some forms of credit can present for service members and their families already burdened with debt and recurring bills," the Pentagon said in its proposal.
Read more at Reuters.com Government Filings News
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