Military personnel now rely on charity
March 26, 2008 | Army News Service, alternatives, industry, media coverage, regulation | Comments (0)The Pundit has mentioned this before, but here’s another story about how, in the absence of payday loans, milititary personnel now rely on charity. We have no objection to service people getting free loans or whatever other benefits they need, but during the debate, payday loan critics said that other services–credit unions and banks–would fill the need when payday lenders were forced to stop making loans to the military. What? The critics were wrong? We’re shocked.
