The new law capping the interest rate lenders can charge military personnel begins working on Oct. 1. This is the law Congress passed last year after discovery of what some termed “predatory” lending practices that targeted military members and their families. Some members were paying up to 800 percent interest. The new law caps the rate at 36 percent, including all fees and other charges, per a notice issued by the 2nd Bomb Wing Legal Office at Barksdale AFB, La.
The Air Force is moving forward with a new, algorithm-driven system to help U.S. Northern Command better detect airborne threats. NORTHCOM and the North American Aerospace Defense Command, which are tasked with protecting the homeland from attack, depend on a slew of radars and other data systems to monitor U.S.…