“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 HironoSupreme Court poised to hear first major gun case in a decade Overnight Defense — Presented by Boeing — Senate eyes sending stopgap spending bill back to House | Sondland delivers bombshell impeachment testimony | Pentagon deputy says he didn't try to block official's testimony Pentagon No. 2 denies trying to block official's impeachment testimony 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 ReedRepublicans raise concerns over Trump pardoning service members Overnight Defense: Trump clashes with Macron at NATO summit | House impeachment report says Trump abused power | Top Dem scolds military leaders on Trump intervention in war crimes cases Top Armed Services Democrat scolds military leaders on Trump's intervention in war crimes cases MORE (R.I.), Dick DurbinRichard (Dick) Joseph DurbinSupreme Court poised to hear first major gun case in a decade Protecting the future of student data privacy: The time to act is now Overnight Health Care: Crunch time for Congress on surprise medical bills | CDC confirms 47 vaping-related deaths | Massachusetts passes flavored tobacco, vaping products ban 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 UdallSenate Democrats ask Pompeo to recuse himself from Ukraine matters Bureau of Land Management staff face relocation or resignation as agency moves west Overnight Energy: EPA watchdog slams agency chief after deputy fails to cooperate in probe | Justices wrestle with reach of Clean Water Act | Bipartisan Senate climate caucus grows MORE (N.M.), Richard Blumenthal (Conn.), Bill NelsonClarence (Bill) William NelsonBottom Line Bottom Line Media and candidates should be ashamed that they don't talk about obesity MORE (Fla.), Tom HarkinThomas (Tom) Richard HarkinNew Hampshire parochialism, not whiteness, bedevils Democrats Democrats must question possible political surveillance Wisconsin lawmaker gets buzz-cut after vowing not to cut hair until sign language bill passed MORE (Iowa), Sheldon WhitehouseSheldon WhitehouseRepublicans raise concerns over Trump pardoning service members Overnight Energy: Pelosi vows to push for Paris climate goals | Senate confirms Brouillette to succeed Perry at Energy | EPA under attack from all sides over ethanol rule Pelosi: Congress has 'iron-clad' commitment to climate crisis MORE (R.I.), Claire McCaskillClaire Conner McCaskillGinsburg health scare raises prospect of election year Supreme Court battle MSNBC's McCaskill: Trump used 'his fat thumbs' to try to intimidate Yovanovitch GOP senator rips into Pelosi at Trump rally: 'It must suck to be that dumb' MORE (Mo.), Elizabeth WarrenElizabeth Ann WarrenTrump to hold campaign rally in Michigan Castro hits fundraising threshold for December debate Buttigieg: Harris 'deserves to be under anybody's consideration' for vice president MORE (Mass.), Jeff MerkleyJeffrey (Jeff) Alan MerkleyMcConnell says he's 'honored' 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