SOF supports this legislation to protect our troops from predatory lending.
In an effort to help servicemembers and their families cope with the
unique circumstances that often jeopardize their financial stability,
Senator Edward J. Markey (D-Mass.) today introduced the Military
Savings Act, legislation to promote savings rates among military
servicemembers and decrease their need to turn to predatory payday
lenders in times of financial crisis. The legislation establishes