Category: News - Page: 3

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 …

Divorce can be challenging for anyone, but what does the law say about the benefits a former spouse is entitled to? We’ll discuss the basics service members should know about military retirement pay and divorce. This will help former military spouses and …

If you’re part of a military family, you’re likely familiar with SCRA benefits for spouses. But did you know another vital piece of legislation affects active duty service members and their families? The Military Spouse Licensing Relief Act is …

A couple of months ago, the Consumer Financial Protection Bureau (CFPB) issued a research paper revealing that plenty of Active Duty servicemembers entitled to reduced interest rates under the SCRA were not receiving the benefit from their creditors. The report …