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 achieved its goal of recruiting 32,750 Active-Duty enlisted Airmen for 2026 five months ahead of schedule, military officials said this week—its biggest recruiting year in more than two decades.