The Consumer Financial Protection Bureau and the Department of Justice issued two joint letters today reminding mortgage servicers and landlords of their obligations under the Coronavirus Aid, Relief, and Economic Security Act and additional requirements under the Servicemembers Civil Relief Act.
“The illegal foreclosures of military families in the last crisis was one of the financial industry’s worst failures,” CFPB Director Rohit Chopra said. “The CFPB will be closely watching mortgage servicers and will hold them accountable for illegal tactics perpetrated against military families.”
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