In a new op-ed piece distributed today to North Carolina papers, Brigadier General Paul Dordal, USAF (Ret.) says that raising rates on consumer loans “sends a strong negative signal to the military and military families living in North Carolina.”
The full text of Gen. Dordal’s powerful message appears below.
Raising loan rates is bad news for military families
By Paul Dordal, Brigadier General, USAF (Ret.)
For the past few weeks, military commanders at installations in North Carolina have expressed their opposition to proposed bills introduced in the House and Senate that would allow finance companies to raise charges on their short term loans. In spite of this opposition, last week the House Banking Committee passed this legislation, which sends a strong negative signal to the military and military families living in North Carolina. Read More