Senator Jackie Speier

“With the US troop death toll rising in both Iraq and Afghanistan, few people know another great threat to our young men and women in the military is right here in the United States. That threat is payday lending, an industry that preys on service members, undermining military readiness, lowering troop morale and threatening to bankrupt these young people just as they start out in life.”

State Senator Jackie Speier had strong words against the payday loan industry…

In an article entitled Fighting the War at Home, Senator Jackie Speier compared high-interest loans to roadside bombs:

“We may not be able to protect our young men and women from roadside bombs in Iraq, but we ought to be able to protect them from predatory lending practices in California.”

State Senator Jackie Speier represents the 8th Senate District and chairs the Senate Banking, Finance and Insurance Committee.

Source: Fighting the War at Home (The Argus)

If you are in the military, please read Interest Free Loans for Military Personnel in our Payday Loan Alternatives category.

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