While the Military Lending Act did a lot to stop lenders from exploiting servicemembers through payday loans and unfair terms on other loans, some lenders used loopholes in the law to continue to offer predatory terms for other financial products.
Elizabeth Warren: “While the Military Lending Act did a lot to stop lenders from exploiting servicemembers through payday loans and unfair…”
Editor's note · Context
Warren points out ongoing exploitation of servicemembers despite existing protections.
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