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RESERVES AND NATIONAL GUARD UNDERUTILIZE SCRA BENEFITS, CFPB REPORTS

The Consumer Financial Protection Bureau (“CFPB”) released a report revealing that Reserve and National Guard members of the armed forces are not always receiving the benefit of their right to rate reductions under the federal Servicemembers Civil Relief Act (“SCRA”). The CFPB would like creditors to be more proactive in helping servicemembers obtain SCRA benefits. Read More