Category: News - Page: 2

Many veterans and service members face another daunting battle: debt. Debt comes in various forms, including student loans, credit cards, auto loans, and medical bills. 

According to the Pew Research Center, 35%, or a third, of veterans had difficulty …

The Consumer Financial Protection Bureau (CFPB) recently reported that it has received over 400,000 complaints from service members, veterans, and their dependents since opening its doors. The CFPB opened its doors in July 21, 2011.

In 2023, the CFPB saw …

In its blog post, the Consumer Financial Protection Bureau (CFPB) highlighted three areas where it works to help service members more. These areas include a six percent interest reduction stipulated by the Servicemembers Civil Relief Act (SCRA), restrictions on …

Both service members and institutions that do business with them should familiarize themselves with the latest updates that may affect their work. One of the latest changes they should learn about is Consumer Financial Protection 2024-03.

This circular discusses unenforceable …

Federal prosecutors alleged that Korean car manufacturer Hyundai and Kia’s financing arm recently repossessed more than two dozen vehicles without securing a court order, violating the Servicemembers Civil Relief Act or SCRA. 

California-based company Hyundai Capital America, a wholly-owned …

The Servicemember Civil Relief Act (SCRA) mandates that active-duty service members be granted financial relief, but some credit card companies offer more than the required amount. According to the SCRA, lenders must limit pre-service debt to 6%. However, other …