We think this Marketplace story confused a different type of lender with a payday lender:

Nancy Marshall Genzer: This is the enemy:

Ad: If you are active duty or retired military, and you need a computer, TV, electronics, furniture, than you need to visit . . .

That’s a payday lender ad targeting military personnel. Used to be that short-term loans carried triple-digit interest rates for service members. Congress capped those rates for them.

Even so, lenders target service members routinely, says Michael Lehnert, a Major General in the Marines. He says lenders know a bit about military culture and like service members’ steady pay.

We know of NO “payday lenders” who are making loans to the military.  The 36% percent rate cap on loans to military personnel effectively barred the service.