By: Roy L. Kaufmann
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 …
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By: Roy L. Kaufmann
military status affidavit 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 …
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By: Roy L. Kaufmann
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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By: Roy L. Kaufmann
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 …
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By: Roy L. Kaufmann
When U.S. Army Reserve Lt. Col. Alexzandria Kelly left on active duty to Africa last year, she expected her 1972 AMC Gremlin to be safe.
The Servicemembers Civil Relief Act offers civil protections to servicemembers, and one of those protections …
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By: Roy L. Kaufmann
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 …
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By: Roy L. Kaufmann
States sometimes enact laws over and above the federal Servicemembers Civil Relief Act (“SCRA”) to protect servicemembers in their jurisdictions. In fact, even within States, local jurisdictions may have their own SCRA rules. For example,pursuant to CPLR 3215(a), New …
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By: Roy L. Kaufmann
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 …
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