Category: Compliance for Banks & Lenders - Page: 5

SCRA Guidelines for Real Estate Creditors

Banks, lenders, landlords and anyone who rents to or holds a mortgage for a servicemember should be keenly aware of the ins and outs of the Servicemembers Civil Relief Act. Real estate creditors must address SCRA guidelines before they take …

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SCRA Student Loan Interest Rate Compliance

Student financial aid offices across the U.S. need to be vigilant about their SCRA student loan interest rate compliance in accordance with the Servicemembers Civil Relief Act.

Student loans have been in the news more than ever during this last …

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New DoD SCRA Regulations for Moneylenders

If you’re a moneylender, recent regulation changes to the Military Lending Act issued by the DoD could greatly affect your business.

Banks and other lending institutions likely know about the SCRA regulations the Department of Defense set up in 2006 …

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SCRA State Laws

CFPB: SCRA Violations Still Problem For Student Loan Servicers

The Servicemembers Civil Relief Act is designed to protect active-duty military members’ rights while deployed, both in the U.S. and abroad. Today, one of the biggest issues with the SCRA is compliance. When are military members’ rights different than the …

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Auto Lender to Pay Millions in Settlement Under SCRA Violation

One of the nation’s largest automobile lenders has agreed to pay a group of servicemembers close to $10million after illegally repossessing their vehicles.

The $9.35 million the Texas auto lender has agreed to comes after allegations the company illegally repossessed …

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