The new law capping the interest rate lenders can charge military personnel begins working on Oct. 1. This is the law Congress passed last year after discovery of what some termed “predatory” lending practices that targeted military members and their families. Some members were paying up to 800 percent interest. The new law caps the rate at 36 percent, including all fees and other charges, per a notice issued by the 2nd Bomb Wing Legal Office at Barksdale AFB, La.
The crash of a T-38 trainer jet this May—which caused a weekslong pause in flights across the fleet—was caused by an improperly installed pin for one of the jet’s horizontal stabilizers, according to a new accident report released Oct. 30. When the pin disengaged midflight, it created the slightest amount…