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.
A new White House policy calls for the Pentagon to craft plans for additional space launch facilities to support a projected increase in launch demand that could see the U.S. supporting as many as 1,000 launches by 2030, more than a fivefold increase from 2025.