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Customer Compliance Outlook. Servicemember Financial Protection Webinar: Concerns and Responses

Customer Compliance Outlook. Servicemember Financial Protection Webinar: Concerns and Responses

Customer Compliance Outlook: First Quarter

By Lanette Meister, Senior Supervisory customer Financial Services Analyst, Federal Reserve Board; Laurie Maggiano, Director of Policy, workplace of Homeownership Preservation, U.S. Treasury; and Laura Arce, Policy Analyst, workplace of Housing and Regulatory Policy, Federal Housing Finance Agency

Editor’s note: Effective, the working office of what the law states Revision Counsel associated with the united states of america House of Representatives eliminated the appendix to title 50, where in actuality the Servicemembers Civil Relief Act (SCRA) was codified as 50 U.S.C. App. §§ 501-597b, and recodified it as 50 U.S.C. §§ 3901-4043 et seq. Appropriately, we now have updated the SCRA cites into the article to mirror this. We additionally updated the web link towards the Department of Defense SCRA site to validate if some one is a member that is active of armed forces. Finally, for quality, we made a technical modification to the clear answer to concern 7.

The Federal Reserve System hosted an interagency Outlook Live webinar titled “Servicemember Financial Protection.” * Participants presented an important wide range of concerns before and throughout the session. Due to time constraints, just a number that is limited of concerns had been answered throughout the webcast. This informative article addresses probably the most typical concerns gotten.