The Consumer Financial Protection Bureau (CFPB), with its authority under the Dodd-Frank Act to take action against companies engaging in unfair, deceptive, or abusive practices, has filed an administrative consent order against an auto lender that targeted servicemembers for illegal … Read the rest Read more
Deployed military personnel may seek relief from their mobile phone plans under the Servicemembers Civil Relief Act (“SCRA”).
Under SCRA Section 535a, servicemembers can suspend or cancel long-term wireless/mobile phone contracts without penalties or extra fees when deployed for 90 … Read the rest Read more
This article was first published by the National Association of Retail Collections Attorneys (NARCA).
The newly-created Consumer Financial Protection Bureau (“CFPB”) has made it clear it will be investigating SCRA violations. “Protecting servicemembers is a priority for the CFPB,” said … Read the rest Read more
Although the Federal Servicemembers Civil Relief Act provides broad protections that cover situations such as foreclosure, court cases, and loans, several states have enacted their own SCRA-type laws to supplement the federal law. Lenders, landlords, litigants, and attorneys should be … Read the rest Read more
In an August 31, 2015 speech by Grovetta Gardineer (grovetta-gardineer-speech-SCRA-compliance), Deputy Comptroller for Compliance Operations and Policy of the Office of the Comptroller of the Currency (OCC) addressed lenders and devoted significant time in discussing the OCC’s role … Read the rest Read more
Foreclosure fraud is an issue faced by military servicemembers. If you or your loved ones are actively serving in the military, or you are a family member of a deceased military servicemember, you have additional options to receive foreclosure … Read the rest Read more
The DMDC announced with little warning that it has reduced the amount of time that the DMDC website retains the .pdf certificates from fifteen to two business days. The DMDC retention reduction was announced on August 28 and went into … Read the rest Read more
Sometimes the Defense Military Data Center (DMDC) or the Servicemembers Civil Relief Act Centralized Verification Service (SCRACVS), based upon DMDC information, reports wrong information. There can be many explanations for a DMDC error. The military branch (i.e. Army, Navy, etc.) … Read the rest Read more