“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 want White House hopefuls to cool it on Biden attacks Female senators hatch plan to 'shame' Senate into voting faster Trump defense pick expected to face tense confirmation 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 ReedTrump urged to quickly fill Pentagon post amid Iran tensions Overnight Defense: Shanahan exit shocks Washington | Pentagon left rudderless | Lawmakers want answers on Mideast troop deployment | Senate could vote on Saudi arms deal this week | Pompeo says Trump doesn't want war with Iran Shanahan drama shocks Capitol Hill, leaving Pentagon rudderless MORE (R.I.), Dick DurbinRichard (Dick) Joseph DurbinCongress unlikely to reach deal on Trump border bill before break Democrats want White House hopefuls to cool it on Biden attacks Overnight Health Care: Trump officials defend changes to family planning program | Senators unveil bipartisan package on health costs | Democrats pass T spending bill with HHS funds MORE (Ill.), Mark UdallMark Emery UdallDemocrats hope some presidential candidates drop out — and run for Senate  Denver Post editorial board says Gardner endorsement was 'mistake' Gardner gets latest Democratic challenge from former state senator MORE (Colo.), Joe DonnellyJoseph (Joe) Simon DonnellyConservatives spark threat of bloody GOP primaries Anti-corruption group hits Congress for ignoring K Street, Capitol Hill 'revolving door' K Street giants scoop up coveted ex-lawmakers MORE (Ind.), Brian Schatz (Hawaii), Tom UdallThomas (Tom) Stewart UdallThe Hill's Morning Report - Crunch time arrives for 2020 Dems with debates on deck Hispanic Caucus seeks to retain voice in House leadership Washington braces for Trump's next move on Iran MORE (N.M.), Richard Blumenthal (Conn.), Bill NelsonClarence (Bill) William NelsonDemocrats target Florida Hispanics in 2020 Poll: Six Democrats lead Trump in Florida match-ups How Jim Bridenstine recruited an old enemy to advise NASA MORE (Fla.), Tom HarkinThomas (Tom) Richard HarkinKey endorsements: A who's who in early states Stop asking parents to sacrifice Social Security benefits for paid family leave The FDA crackdown on dietary supplements is inadequate MORE (Iowa), Sheldon WhitehouseSheldon WhitehouseSize of 2020 field too big even for Democratic enthusiasts, poll finds Overnight Defense: House passes T spending package with defense funds | Senate set to vote on blocking Saudi arms sales | UN nominee defends climate change record Trump's UN pick faces Senate grilling MORE (R.I.), Claire McCaskillClaire Conner McCaskillConservatives spark threat of bloody GOP primaries Congress needs to work to combat the poverty, abuse and neglect issues that children face Lobbying world MORE (Mo.), Elizabeth WarrenElizabeth Ann Warren2020 Democrat: 'My DM's are open and I actually read & respond' Group of wealthy Americans write open letter asking to be taxed more Inslee unveils plan to fight fossil fuel pollution MORE (Mass.), Jeff MerkleyJeffrey (Jeff) Alan MerkleyCongress unlikely to reach deal on Trump border bill before break Chaos within the EPA exposes Americans to toxins like asbestos Parties unite to move Myanmar sanctions bill MORE (Ore.), Al FrankenAlan (Al) Stuart FrankenThe Hill's 12:30 Report: Mexican officials scramble to avoid Trump tariffs The Hill's Morning Report - Tariff battle looms as Trump jabs 'foolish' Senate GOP Barbs start to fly ahead of first Democratic debate MORE (Minn.), Ed MarkeyEdward (Ed) John MarkeyYoung activists press for change in 2020 election Hillicon Valley: House panel advances election security bill | GOP senator targets YouTube with bill on child exploitation | Hicks told Congress Trump camp felt 'relief' after release of Clinton docs | Commerce blacklists five Chinese tech groups Senate Democrats press regulators over reported tech investigations MORE (Mass.), Kirsten GillibrandKirsten Elizabeth GillibrandJuan Williams: Warren on the rise 2020 primary debate guide: Everything you need to know ahead of the first Democratic showdown 2020 Democrats vow to expand abortion access at Planned Parenthood event MORE (N.Y.), Mark WarnerMark Robert WarnerBipartisan senators to introduce bill forcing online platforms to disclose value of user data GOP senators divided over approach to election security Hillicon Valley: House lawmakers reach deal on robocall bill | Laid-off journalists launch ads targeting tech giants | Apple seeks tariff exemptions | Facebook's Libra invites scrutiny MORE (Va.), Ron WydenRonald (Ron) Lee WydenOvernight Defense: House passes T spending package with defense funds | Senate set to vote on blocking Saudi arms sales | UN nominee defends climate change record Grassley announces opposition to key Trump proposal to lower drug prices Exclusive: Trump administration delayed releasing documents related to Yellowstone superintendent's firing MORE (Ore.), Patty MurrayPatricia (Patty) Lynn MurrayOvernight Health Care: Trump officials defend changes to family planning program | Senators unveil bipartisan package on health costs | Democrats pass T spending bill with HHS funds Chris Murphy may oppose bipartisan health bill unless it addresses ObamaCare 'sabotage' Key senators release bipartisan package to lower health care costs MORE (Wash.), Sherrod BrownSherrod Campbell BrownDemocrats talk up tax credits to counter Trump law Facebook's new cryptocurrency raises red flags for critics Hillicon Valley: Senate sets hearing on Facebook's cryptocurrency plans | FTC reportedly investigating YouTube over children's privacy | GOP senator riles tech with bill targeting liability shield | FAA pushed to approve drone deliveries MORE (Ohio), Martin HeinrichMartin Trevor HeinrichOvernight Energy: Democrats ask if EPA chief misled on vehicle emissions | Dem senators want NBC debate focused on climate change | 2020 hopeful John Delaney unveils T climate plan Democratic senators want NBC primary debate to focus on climate change Collins offering bill to boost battery research as GOP pushes energy 'innovation' MORE (N.M.) and Tammy BaldwinTammy Suzanne BaldwinHillicon Valley: House panel advances election security bill | GOP senator targets YouTube with bill on child exploitation | Hicks told Congress Trump camp felt 'relief' after release of Clinton docs | Commerce blacklists five Chinese tech groups Senate Democrats press regulators over reported tech investigations Chris Murphy may oppose bipartisan health bill unless it addresses ObamaCare 'sabotage' MORE (Wis.) signed the letter.