An extra $9 million in interest is being paid by military reserve and National Guard members because they are not receiving rights under federal legislation reducing the rates they may be charged, the federal consumer […]
Military servicemembers have additional rights to protect them and their families against unique financial challenges, auto finance companies were reminded, and warned, in a letter issued Friday by the federal consumer financial protection agency and […]
The Servicemembers Civil Relief Act (SCRA) booklet of the Comptroller’s Handbook – which covers examination procedures focused on the law’s consumer protections for military servicemembers – has been revised by the Office of the Comptroller […]
Updates to the Servicemembers Civil Relief Act (SCRA) section of the Consumer Compliance Examination Manual (CEM) of the federal bank deposit insurer were released Tuesday, the agency said in an announcement. The Federal Deposit Insurance […]
USAA, Federal Savings Bank was assessed an $85 million civil money penalty under a consent order with the Office of the Comptroller of the Currency (OCC) over violations of the Military Lending Act (MLA) and […]
Credit or consumer reporting and debt collection continue to be the most-complained-about consumer financial products or services reported by military servicemembers, according to a report released Thursday by the federal consumer financial protection agency. In […]
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