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 Air Force has finished resurrecting a B-1B Lancer, completing a yearslong process to transform a bomber that had been stored for parts in the Arizona desert into the new flagship of the 7th Bomb Wing at Dyess Air Force Base, Texas.