The Servicemembers Civil Relief Act (SCRA) has been in existence since 1918. But the notion of extending protection to members of the military dates back even further, to Civil War-Era protections granted by Abraham Lincoln. Yet many in the financial services industry are just now paying attention to the law.

We will discuss recent developments pertaining to the SCRA and its effect on servicemembers and the financial services industry. Our panel will cover:

  • The protections provided by a more expansive and more modern SCRA (this is not the Soldiers' and Sailors' Civil Relief Act that many in the industry recall)
  • The current regulatory environment and why recent industry consent orders are relevant, as well as highlights of important litigation and how those cases shape our understanding of the law
  • The focus of the CFPB on protecting members of the military
  • Best practices in dealing with a law that appears to be evolving through litigation and enforcement

If you operate in the financial services industry, you have customers, clients, or loan files that are eligible for SCRA protection. Make sure that you know what those protections are and that you have the right policies and procedures in place so that the CFPB and the Department of Justice don't come knocking on your door.

Program

12:00 PM - 1:00 PM ET | Webinar

Moderator

Alan S. Kaplinsky, Practice Leader, Consumer Financial Services Group

Panelists

John L. Culhane, Jr., Partner, Consumer Financial Services Group

Anthony C. Kaye, Partner, Mortgage Banking Group

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all registrants. For more information, contact Lisa M. Prickril at prickrill@ballardspahr.com.