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Without a doubt about Military Lending Act charge card rules cap finance charges

Overview

The Military Lending Act caps finance fees at 36 per cent and adds other customer defenses for solution users and their dependents. What the law states’s bank card provisions kicked in Oct. 3, 2017

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Federal Military Lending Act bank card guidelines that took impact Oct. 3, 2017, limit finance fees and include customer defenses for solution people and their dependents.