Wells Fargo and Others Face Class Action Lawsuits for Alleged Violations of Military Service Members’ Rights
Service members and veterans recently filed class action lawsuits against companies Wells Fargo, Synchrony Bank and Ally Financial. These lawsuits involve the alleged violation of the Servicemembers Civil Relief Act (SCRA).
Recently, a pair of military veterans led a class …
View moreU.S. Government Settles with United Road Towing and Rod Robertson Enterprises Over SCRA Violations
El Paso City has announced that it has resolved the lawsuit involving the illegal selling of vehicles belonging to active service members. In 2023, the federal government filed a lawsuit against El Paso, United Road Towing Inc. (URT), and Rod …
View moreUSAAEF and Money Management International Partner to Help Service Members and Veterans Get Out of Debt
Many veterans and service members face another daunting battle: debt. Debt comes in various forms, including student loans, credit cards, auto loans, and medical bills.
According to the Pew Research Center, 35%, or a third, of veterans had difficulty …
View moreCFPB Sees 27% Spike in Complaints from Service Members in 2023, Highlights Financial Protection Efforts
The Consumer Financial Protection Bureau (CFPB) recently reported that it has received over 400,000 complaints from service members, veterans, and their dependents since opening its doors. The CFPB opened its doors in July 21, 2011.
In 2023, the CFPB saw …
View moreCFPB Urges Creditors to Improve Support for Active Duty Service Members
Consumer Financial Protection Circular 2024-03: Key Highlights
Both service members and institutions that do business with them should familiarize themselves with the latest updates that may affect their work. One of the latest changes they should learn about is Consumer Financial Protection 2024-03.
This circular discusses unenforceable …
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