News & Analysis as of

Servicemembers’ Civil Relief Act Consumer Financial Protection Bureau

CFPB Increasingly Aiming “Abusiveness” Claims at Servicemember Products and Services

by MoFo Reenforcement on

Are servicemembers more financially vulnerable than the civilians they protect? Recent enforcement actions suggest that, in the CFPB’s view, they are. While the Servicemembers Civil Relief Act (SCRA) provides more financial...more

Banking industry trade groups oppose expansion of Military Loan Act coverage

by Ballard Spahr LLP on

Six banking industry trade groups, including the American Bankers Association, the Consumer Bankers Association and the Financial Services Roundtable, have sent a comment letter responding to a Department of Defense (DOD)...more

Congress passes bill giving CFPB authority to enforce Military Lending Act and creating civil liability for violations

by Ballard Spahr LLP on

The 2013 Defense Authorization Bill (H.R. 4310), currently awaiting signature by President Obama, makes several changes to the Military Lending Act. Last week, both the House and Senate agreed to the conference report....more

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Cybersecurity

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