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CFPB reports on SCRA usage
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Banking, Consumer Protection
Tuesday, December 13, 2022
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The Consumer Financial Protection Bureau released a report on servicemembers’ usage of credit protections under the Servicemembers Civil Relief Act (SCRA). SCRA was designed to provide legal and financial protections to active duty servicemember. This report specifically focuses on the interest rate reduction benefit and protection against repossession provided by SCRA.
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