“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 HironoDemocrats request briefing on intel behind Trump's embassy threat claim Former Hawaii Democratic governor calls on Gabbard to resign Gabbard under fire for 'present' vote on impeachment 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.

In addition to Hirono, Democratic Sens. Jack ReedJohn (Jack) Francis ReedSix mayors making a difference Overnight Defense: Book says Trump called military leaders 'dopes and babies' | House reinvites Pompeo for Iran hearing | Dems urge Esper to reject border wall funding request Senate Dems urge Esper to oppose shifting Pentagon money to border wall MORE (R.I.), Dick DurbinRichard (Dick) Joseph DurbinSenate braces for bitter fight over impeachment rules Sunday shows - All eyes on Senate impeachment trial Durbin says he hopes enough GOP senators know that 'history will find you' MORE (Ill.), Mark UdallMark Emery UdallDemocrats will win back the Senate majority in 2020, all thanks to President Trump Poll: Trump trails three Democrats by 10 points in Colorado The Hill's Morning Report — Trump and the new Israel-'squad' controversy MORE (Colo.), Joe DonnellyJoseph (Joe) Simon DonnellyGinsburg health scare raises prospect of election year Supreme Court battle Watchdog accuses pro-Kavanaugh group of sending illegal robotexts in 2018 Lobbying world MORE (Ind.), Brian Schatz (Hawaii), Tom UdallThomas (Tom) Stewart UdallCitizens United decision weathers 10 years of controversy Overnight Defense: Foreign policy takes center stage at Democratic debate | House delivers impeachment articles to Senate | Dems vow to force new vote on Trump's border wall Democrats vow to force third vote on Trump's border wall emergency declaration MORE (N.M.), Richard Blumenthal (Conn.), Bill NelsonClarence (Bill) William NelsonThe most expensive congressional races of the last decade Lobbying world Bottom Line MORE (Fla.), Tom HarkinThomas (Tom) Richard HarkinTrump's trial a major test for McConnell, Schumer New Hampshire parochialism, not whiteness, bedevils Democrats Democrats must question possible political surveillance MORE (Iowa), Sheldon WhitehouseSheldon WhitehouseCitizens United decision weathers 10 years of controversy Sanders defends vote against USMCA: 'Not a single damn mention' of climate change The Hill's Morning Report — President Trump on trial MORE (R.I.), Claire McCaskillClaire Conner McCaskillHow Citizens United altered America's political landscape #MidnightMoscowMitch trends amid criticism of McConnell's proposed impeachment trial rules The most expensive congressional races of the last decade MORE (Mo.), Elizabeth WarrenElizabeth Ann WarrenSanders joins Biden atop 2020 Democratic field: poll The Hill's Morning Report - Trump trial begins with clashes, concessions Hillary Clinton tears open wound with her attack on Sanders MORE (Mass.), Jeff MerkleyJeffrey (Jeff) Alan MerkleyEnvironmentalists, Oregon senators oppose DOT increasing transport of natural gas by rail Senate Democrat says he is concerned intelligence community is 'bending' Soleimani presentations Democrats conflicted over how to limit Trump's war powers MORE (Ore.), Al FrankenAlan (Al) Stuart FrankenBill Press: Don't forget about Amy Key moments in the 2020 Democratic presidential race so far Al Franken mocks McConnell: 'Like listening to Jeffrey Dahmer complain about the decline of dinner party etiquette' MORE (Minn.), Ed MarkeyEdward (Ed) John MarkeyParnas pressure grows on Senate GOP Sanders defends vote against USMCA: 'Not a single damn mention' of climate change The Hill's Morning Report — President Trump on trial MORE (Mass.), Kirsten GillibrandKirsten GillibrandSanders defends vote against USMCA: 'Not a single damn mention' of climate change The Hill's Morning Report — President Trump on trial Overnight Energy: Schumer votes against USMCA, citing climate impact | Republicans offer details on their environmental proposals | Microsoft aims to be carbon negative by 2030 MORE (N.Y.), Mark WarnerMark Robert WarnerSenate Republicans muscle through rules for Trump trial Hillicon Valley: Apple, Barr clash over Pensacola shooter's phone | Senate bill would boost Huawei alternatives | DHS orders agencies to fix Microsoft vulnerability | Chrome to phase out tracking cookies Senators offer bill to create alternatives to Huawei in 5G tech MORE (Va.), Ron WydenRonald (Ron) Lee WydenTrump poised to kick off election-year fight over Medicaid Overnight Health Care: Justices won't fast-track ObamaCare case before election | New virus spreads from China to US | Collins challenger picks up Planned Parenthood endorsement Mnuchin warns UK, Italy of tariffs if digital tax plans are implemented MORE (Ore.), Patty MurrayPatricia (Patty) Lynn MurrayConservative groups aim to sink bipartisan fix to 'surprise' medical bills Democrats request briefing on intel behind Trump's embassy threat claim Democrats ask if US citizens were detained at border checkpoints due to Iranian national origin MORE (Wash.), Sherrod BrownSherrod Campbell BrownSunday shows - All eyes on Senate impeachment trial Senate Democrat: 'Fine' to hear from Hunter Biden Sunday shows preview: Lawmakers gear up for Senate impeachment trial MORE (Ohio), Martin HeinrichMartin Trevor HeinrichDemocratic senator blasts 'draconian' press restrictions during impeachment trial Health care, spending bills fuel busy year for K Street Schumer introduces bill requiring GDP measure inequality MORE (N.M.) and Tammy BaldwinTammy Suzanne BaldwinSenate fails to get deal to speed up fight over impeachment rules Lawmakers introduce bill to bolster artificial intelligence, quantum computing Trump's China deal is a gift to Wall Street and Beijing MORE (Wis.) signed the letter.