Foes of payday financing shortly attained a prominent friend: Holly Petraeus, wife of resigned military Gen

Foes of payday financing shortly attained a prominent friend: Holly Petraeus, wife of resigned military Gen

David Petraeus, today the CIA movie director. She became a high-profile advocate for provider users focused by payday loan providers swarming around military basics in locations instance California’s Camp Pendleton.

In 2006, the Department of protection expressed the lenders as a€?predatorya€? and a risk to national security. Payday lending a€?undermines army readiness, harms the spirits of soldiers and their households, and adds to the cost of fielding an all-volunteer combat energy,a€? the section reported, observing that services users comprise twice as prone to drop target as civilians. Continue reading “Foes of payday financing shortly attained a prominent friend: Holly Petraeus, wife of resigned military Gen”