A Ban On High-Cost Loans May Be Coming. Sid Hastings/AP hide caption

The Military Lending Act caps interest that is annual loans to army users at 36% and will be offering other safeguards. Now, lawmakers are proposing to give that security to veterans as well as others.

Updated at 12:23 p.m. ET

A years that are few, cash had been really tight for Chasity Wohlford. The Houston resident, who had been working a low-wage work, had a need to fly to Colorado for a household crisis. She claims a pal shared with her, “Oh, simply visit this lender that is payday.