In a new report released today, the Consumer Financial Protection Bureau raised concerns that servicemembers are paying extra in interest each year as a result of not taking advantage of interest rate reductions to which they are entitled under the Servicemembers Civil Relief Act.
Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) last week filed an amendment that would add the ABA-opposed S. 4674 to the upcoming National Defense Authorization Act, which is scheduled for consideration later this month.
In a reversal of existing policy, the Consumer Financial Protection Bureau today issued an interpretive rule stating that it has statutory authority to conduct Military Lending Act supervision activities, and signaled that it will resume MLA examinations.
The Department of Veterans Affairs last week finalized a rule establishing a new COVID-19 Veterans Assistance Partial Claim Payment Program.
. . . and other questions and answers from the March/April 2021 ABA Regulatory Policy and Compliance Inbox.
The American Bankers Association joined other members of the Military Family Financial Readiness Coalition in offering recommendations to the Biden-Harris administration to improve the financial readiness of military families.
The ABA Banking Journal Podcast continues a pre-Thanksgiving tradition by interviewing the winners of ABA’s 2020 Community Commitment Awards. These stories present the perfect inspiration as we prepare for the season of thanks and giving.
In honor of our veterans, the ABA Banking Journal is sharing several stories from America’s Banks of how banks serve and employ those who have served.
The ABA Foundation today recognized seven banks for their outstanding commitment to their communities.
With many banks getting a crash course in serving remote customers, military banks have plenty of experience to share on connecting with clients across long distances.