News & Analysis as of

Borrowers Servicemembers Civil Relief Act

Hudson Cook, LLP

Washington Regulator Interprets SCRA Scope Broadly

Hudson Cook, LLP on

The Servicemembers Civil Relief Act offers servicemembers financial protections, including the ability to have interest rates reduced to 6%, when a servicemember is called to active duty after entering into a credit...more

Bradley Arant Boult Cummings LLP

Defense Database for Military Status of Borrower Still a Work in Progress

Lenders and servicers seeking to comply with the Servicemembers’ Civil Relief Act (SCRA) who depend on the commonly used Defense Manpower Data Center (DMDC) database have a little more comfort now on the accuracy of their...more

Ballard Spahr LLP

CFPB issues new report on private student loan complaints

Ballard Spahr LLP on

The CFPB has issued a “Mid-year snapshot of private student loan complaints” that discusses issues raised in the 2,002 complaints the CFPB received from October 2012 through March 2013....more

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