Davis Objects To Cap On Pay Day Loans To Soldiers Some customer teams are questioning Rep. Geoff Davis’ objections up to a proposition that will place a limit on high rates of interest for soldiers who sign up for short-term payday advances. » It could be interesting to learn why Congressman Davis is working from the security of servicemen that at least the Department of Defense wants from Congress,» stated Jean Ann Fox, consumer-protection manager for the customer Federation of America. The Pentagon has accused payday loan providers of surrounding its army articles and troops that are exploiting. Davis, an Army veteran and freshman congressman representing north Kentucky, opposes the amendment compiled by Sens. Jim Talent, R-Mo., and Bill Nelson, D-Fla., since it would impose a cap that is 36-percent on payday loan providers, stated their chief of staff, Justin Brasell.