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April

11
2024
Compliance

Ensuring servicemembers can protect themselves from unlawful financial practices

The Servicemembers Civil Relief Act was passed by Congress to enable servicemembers to devote themselves to the defense of the Nation by providing them key protections. This law’s important provisions include the right to reduced interest on certain loans and shielding servicemembers from foreclosure while they are serving the nation.

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April

11
2024
Trends

New report shows Nevada has some of the fewest consumer debt protections in the country

RENO, Nev. (KOLO) - A new report from the National Center for Access to Justice at Fordham Law School finds that Nevada offers fewer protections on consumer debt than most other states.

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April

11
2024
Industry News

VA announces new program to help more than 40,000 Veterans stay in their homes

Wilmington , DE — On May 31, 2024, the Department of Veterans Affairs will launch a new program — the Veterans Affairs Servicing Purchase (VASP) program — to help more than 40,000 Veterans experiencing severe financial hardship avoid foreclosure and stay in their homes.

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April

11
2024
Industry News

FDIC finds banks violated RESPA on mortgage brokerage payments

Mortgage brokers’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided.

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April

11
2024
Industry News

Proposed California Law Could Cap CU Overdraft Fees

California state lawmakers are considering legislation that would limit the number of overdraft fees credit unions (CUs) can charge their members. Under SB-1075, the 100+ CUs now doing business in the Golden State would be prohibited from charging their customers more than three overdraft fees per month.

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