“Given the many sacrifices military families make, it is deeply disturbing that predatory lenders would target them with exploitive financial schemes,” Sen. Mazie HironoMazie Keiko HironoSenators discuss 'me too' campaign on sexual harassment Dem senator: Trump's feuding with McCain shows how 'egocentric' he is Dem rep: Trump's DACA demands 'lack basic humanity' MORE (D-Hawaii) said Wednesday. “I’m proud to join with my colleagues in urging the Department of Defense to tighten up financial protections for military families and close loopholes that leave service members vulnerable to these predatory practices.”

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The senators said payday lenders “cluster” around military bases and target advertising toward service members. 

The Department of Defense has the authority to write rules to protect service members from certain predatory loans, but the senators said the DOD failed to include high-interest products, such as overdraft loans, installment loans, nontraditional payday loans and nontraditional car title loans in its definition of “consumer credit.”

“Due to the narrow definition of consumer credit, certain lenders are offering predatory loan products to service members at exorbitant triple digit effective interest rates and loan products that do not include the additional protections envisioned by the law,” the letter stated. “Service members and their families deserve the strongest possible protections and swift action to ensure that all forms of credit offered to members of our armed forces are safe and sound.”

Currently, loans that fall under the definition of consumer credit are capped at an interest rate of 36 percent. The DOD is considering rule changes to its consumer credit protection program. The lawmakers said that if the DOD expanded its definition of consumer credit to apply to more types of loans, then rates for service members would not exceed the 36 percent mark.

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Jack ReedJohn (Jack) Raymond ReedAfter Texas shooting, lawmakers question whether military has systemic reporting problem McCain pledges 'rigorous oversight' after Air Force failure to report Texas gunman's conviction Dems furious over Air Force failure to report Texas shooter's conviction MORE (R.I.), Dick DurbinRichard (Dick) Joseph DurbinDems mull big changes after Brazile bombshell After Texas shooting, lawmakers question whether military has systemic reporting problem Bipartisan group of lawmakers aim to reform US sugar program MORE (Ill.), Mark UdallMark UdallDemocratic primary could upend bid for Colorado seat Picking 2018 candidates pits McConnell vs. GOP groups Gorsuch's critics, running out of arguments, falsely scream 'sexist' MORE (Colo.), Joe DonnellyJoseph (Joe) Simon DonnellyNo room for amnesty in our government spending bill Senate confirms Larsen to federal appeals court Senate confirms controversial Trump nominee to appeals court MORE (Ind.), Brian Schatz (Hawaii), Tom UdallThomas (Tom) Stewart UdallDemocrats oppose effort to delay or repeal Interior methane rule CBS series 'Madam Secretary' exploring 'fake news' plot Democrats double down on calls for Congress to protect Mueller MORE (N.M.), Richard Blumenthal (Conn.), Bill NelsonClarence (Bill) William NelsonOvernight Tech: Senate panel subpoenaed ex-Yahoo chief | Twitter gives all users 280 characters | FBI can't access Texas shooter's phone | EU wants tax answers from Apple Overnight Cybersecurity: What we learned from Carter Page's House Intel testimony | House to mark up foreign intel reform law | FBI can't access Texas shooter's phone | Sessions to testify at hearing amid Russia scrutiny Former Yahoo CEO subpoenaed to appear before Congress MORE (Fla.), Tom HarkinTom HarkinThe Hill's 12:30 Report Distance education: Tumultuous today and yesterday Grassley challenger no stranger to defying odds MORE (Iowa), Sheldon WhitehouseSheldon WhitehouseTech companies grilled over Russian election interference Hitting GOP, Dems pitch raising 401(k) caps Democrats double down on calls for Congress to protect Mueller MORE (R.I.), Claire McCaskillClaire Conner McCaskillDemocratic Homeland Security members request additional DHS nominee testimony Senate panel delays vote on Trump’s Homeland Security pick Steve Israel: ‘We had a better time at the DMZ than we’re going to have tonight’ MORE (Mo.), Elizabeth WarrenElizabeth Ann WarrenBipartisan group of lawmakers aim to reform US sugar program Schumer: Dems want DACA fix in government spending bill The Hill interview — DNC chief: I came here to win elections MORE (Mass.), Jeff MerkleyJeffrey (Jeff) Alan MerkleyDems mull big changes after Brazile bombshell Dems push clearer GMO labeling Dems cheer Flake after scathing Trump speech MORE (Ore.), Al FrankenAlan (Al) Stuart FrankenOvernight Tech: Senate panel subpoenaed ex-Yahoo chief | Twitter gives all users 280 characters | FBI can't access Texas shooter's phone | EU wants tax answers from Apple Week ahead: DHS nominee heads before Senate | Ex-Yahoo chief to testify on hack | Senators dig into election security Feinstein: Sessions should re-testify on Russia meetings MORE (Minn.), Ed MarkeyEdward (Ed) John MarkeyCBS series 'Madam Secretary' exploring 'fake news' plot Senate Dems warn against cutting ObamaCare fund to pay for children's health program Trump’s North Korea strategy requires an intervention from Congress MORE (Mass.), Kirsten GillibrandKirsten Elizabeth GillibrandAfter Texas shooting, lawmakers question whether military has systemic reporting problem Senators push mandatory sexual harassment training for members, staff CNN to air sexual harassment Town Hall featuring Gretchen Carlson, Anita Hill MORE (N.Y.), Mark WarnerMark Robert WarnerBipartisan group of lawmakers aim to reform US sugar program The Hill interview — DNC chief: I came here to win elections Virginia's governor race: What to watch for MORE (Va.), Ron WydenRonald (Ron) Lee WydenLobbying 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