State Measure Would Control Payday Advances to Military Staff

State Measure Would Control Payday Advances to Military Staff Controversial payday advances targeting soldiers going back from Iraq are now actually into the crosshairs of politicians. Assemblyman Ted Lieu, a Torrance Democrat, introduced a bill, AB7, that will tighten up state enforcement of 36-percent interest that is annual caps on loans to army workers and their own families, in line with recent suggestions by the Department of Defense. Lieu is a reservist into the Navy's Judge Advocate General corps and it is knowledgeable about the...