CRL Testimony: How Payday Lenders Prey on Service Members
DURHAM, N.C. -- A lawyer at the Center for Responsible Lending (CRL) will testify tomorrow before a subcommittee of the U.S. House of Representatives' Committee on Small Business on how payday lenders prey on military personnel. The Subcommittee on Rural Enterprise, Agriculture and Technology meets in Kansas City, Missouri amid newspaper reports on service members victimized by payday lenders, who often get their customers trapped in loans running into more than 400 percent interest. Kathleen Keest, a lawyer for CRL, will tell the legislators that predatory payday lending costs Americans over