Compliance for Banks & Lenders

The U.S. Office of the Comptroller of the Currency issued version 1.1 of the “Servicemembers Civil Relief Act” booklet, which forms part of the Comptroller’s Handbook and serves as a primary regulatory reference for most financial institutions. The Handbook is closely monitored by banks and other financial institutions because it guides bank examiners in evaluating…

The Servicemembers Civil Relief Act was created to ease financial pressures for those in military service. Among its protections, the interest rate cap stands out as one of the most impactful safeguards. With consumer loan rates climbing in 2025, that six percent ceiling has become more than a policy detail. It is a lifeline that…

Lenders can’t comply with the Servicemembers Civil Relief Act if they aren’t well-versed in its many sections. Lenders who don’t retain legal advice to help them meet the many and varied requirements would do well to appoint a staff member or a team to ensure their institution is up to speed. This SCRA Checklist for…