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Under the SCRA, service members are entitled to a cap of 6% on interest rates for pre-existing debts incurred before active duty. The law also restricts the use of military allotments, protecting servicemembers from unauthorized automatic deductions from their military pay.
ROA's Service Members Law Center specializes in educating employers and part-time warriors about the Uniformed Servicemembers Employment and Reemployment Rights Act (USERRA), the Servicemembers Civil Relief Act (SCRA), and military voting rights.
Many banking institutions offer restricted interest rates to active-duty service members because of the Servicemembers Civil Relief Act (SCRA) and the Military Lending Act (MLA).
Illegal foreclosures and mortgage overcharges on active-duty military members The Servicemembers Civil Relief Act (SCRA) of 2003 protects United States active-duty military members from civil court proceedings (such as foreclosure) while serving their country.
JPMorgan Chase says it is willing to pay a whopping $56 million to settle the class-action lawsuit brought by 6,000 members of the military who accused it of overcharging them on their mortgages ...
Bank of America "Express Your Thanks" Campaign Connects Individuals to Military Service Members and Veterans Expressions Will Generate up to $1 Million from the Bank of America Charitable ...
As an admirer of A.P. Giannini 's aggressive banking approach at the Bank of America, he drove to San Francisco after completing his military service and approached Giannini for a job at the bank.
A Bank of America branch in Washington, D.C. Consumer Banking, the largest division in the company, provides financial services to consumers and small businesses including, banking, investments, merchant services, and lending products including business loans, mortgages, and credit cards.