News

By: Roy L. Kaufmann

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 … Read the rest

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By: Roy L. Kaufmann

SCRA DMDC Search Certificates Now List More Information

SCRA DMDC search certificates now include the last four digits of the servicemember’s Social Security number and his or her month and year of birth. The change took place on Dec. 20, 2016, according to the Department of Defense. The … Read the rest

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By: Roy L. Kaufmann

SCRA Rules on Eviction

If you rent to active-duty military personnel, you need to know the SCRA rules on eviction. Whether it was ignorance of the law or an attempt to flout it, a real estate development and management company recently ended up with … Read the rest

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By: Roy L. Kaufmann

Wells Fargo Fined for Disregarding SCRA Rules

Wells Fargo is in trouble again, and this time it’s for SCRA violations. This big bank has seen its share of scandals lately, from the discovery that employees were directed to open fraudulent accounts in customers’ names to reportedly taking … Read the rest

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By: Roy L. Kaufmann

Companies Settle with DoJ for SCRA Violations

Paying settlements for SCRA violations can cost you a bundle. It’s better to do your homework ahead of time and avoid the expensive headaches. The SCRA deems soldiers on active duty exempt from lawsuits. Even recent retirees are covered.  Cases … Read the rest

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By: Roy L. Kaufmann

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 … Read the rest

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By: Roy L. Kaufmann

ABA Announces Revision in SCRA Compliance Requirements

The American Bankers Association has announced changes to its SCRA compliance requirements. The ABA, which makes available to its members very detailed analyses on Servicemembers Civil Relief Act compliance and HUD’s Servicemembers Civil Relief Act notice disclosure, has announced recent … Read the rest

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By: Roy L. Kaufmann

Private Cause of Action Under SCRA

The Servicemembers Civil Relief Act (“SCRA”), a federal statute, provides for certain protections for servicemembers.  These protections, discussed in detail in our blog, include Reductions in interest rates on certain obligations Requirements before entries of default judgments Restrictions on … Read the rest

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