Members of the armed forces use payday loans just like ordinary citizens. Service men and women turn to short-term lenders when paychecks aren't coming fast enough to pay bills. As a result, the federal government has implemented stringent regulations on loans given to military personnel.

A law capping the annual percentage rate (APR) at 36 percent was put into effect in 2007. The Department of Defense (DoD) is currently seeking to amend that bill to include increased protection for veterans against predatory lenders.

Some institutions offer open-ended cash advances to avoid the APR limit and charge military personnel exorbitant interest, which could cause service people long-term financial harm. The language of DoD's new regulations seek to end that practice.

It's important to respect all citizens, but members of the armed forces are granted special treatment because of their service. Through usury laws, the federal government is trying to protect service men and women from monetary strain.

Law-abiding lenders like CASH 1 provide their clients with APRs in compliance with state and federal regulations. Military personnel are assured that they are taking loans from a company that won't include illegal charges in its transactions.