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.
Gene Smith, Former POW and AFA Chair, Dies at 91
Jan. 19, 2026
Lt. Col. Richard “Gene” Smith, who overcame five and a half years as a prisoner of war in the notorious Hanoi Hilton from 1967 until 1973, died Jan. 16. He was one day short of his 91st birthday.
