Lawmakers target military payday loans


Two Democratic congressmen are sponsoring a bill that would further stiffen limits on payday loans that target military members or their families, particularly when it comes to federal pensions.

The Annuity Safety and Security Under Reasonable Enforcement (ASSURE) Act, introduced by Reps. Matt Cartwright of Pennsylvania and Gerry Connolly of Virginia, and co-sponsored by two dozen lawmakers, would also protect some other categories of federal workers.

"This is exploitation, pure and simple," Connolly told the Washington Examiner. "We're talking about the targeting of military families, sometimes with one spouse currently serving in Iraq and Afghanistan."

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