DoD Fights SCRA Lender Abuse With Allotment Rules
In response to media reports of active duty servicemember abuse by predatory lenders, the Department of Defense has announced a new policy designed to minimize the effects of SCRA lender abuse.
This week, the Department of Defense announced that, starting …
View moreBill Proposed To Extend SCRA Mortgage Protections
Editor’s Note: Since the time this blog article was published, the time period of protections after termination of active duty has changed over the years. See Section 533 of the SCRA, particularly, Footnote 9.
Rep. Stephen Fincher, R-Tennessee, recently …
View moreSCRA Child Custody Protections
Active-duty military members are getting better safeguards in child custody cases.
The House of Representatives passed an addition to child custody protections afforded to servicemembers as part of the Servicemembers Civil Relief Act as part of the most recent military spending …
View moreActive Duty And Civilian Student Loan Adjustments
For years, private student lenders have had to make adjustments to repayment plans in order to comply with the Servicemembers Civil Relief Act, but some are starting to offer similar options to civilians.
Wells Fargo was recently the first private …
View moreWhat are the SCRA Lending Standards?
Editor’s Note: Since the time this blog article was published, the time period of protections after termination of active duty has changed over the years. See Section 533 of the SCRA, particularly, Footnote 9.
As major mortgage lenders near …
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