USAA Savings Bank Rates and Fees for Service Members SCRA Class Action

The Servicemembers Civil Relief Act (SCRA) is meant to help make up for some of the financial sacrifices that members of the US armed services make when they go to serve their country. The SCRA’s benefits include a cap on interest rates for service members of 6%. USAA Federal Savings Bank and USAA Savings Bank  Read more

USAA Federal Savings Bank Building

United Auto Credit Violations of Military Lending Act Class Action

Congress passed the Military Lending Act (MLA) to protect members of the US military who require loans of various kinds. However, the complaint for this class action claims that United Car Sales Company, LLC, which does business as United Auto Credit Corporation, lends money to military members without complying with the law’s requirements.  Read more

Soldier in Camouflage Holding Child

Veterans’ Less-Than-Honorable Discharges Due to PTSD Class Action

Veterans often come home from war with PTSD and other invisible but real effects of their service. The complaint for this class action alleges that some veterans show the effects of war while they are still serving and that that behavior may lead to a less-than-honorable discharge, denying them the treatment and assistance they need.  Read more

Close-Up of American Flag Patch on Uniform

Bank of America Military Interest Rates Settlement

Bank of America is paying nearly $42 million to settle claims that it violated the Servicemembers Civil Relief Act, the Truth in Lending Act, North Carolina’s Unfair and Deceptive Trade Practices Act, as well as common law, by charging service members and their families excessive interest rates on mortgages, credit card accounts, and other interest-bearing  Read more

Active Military Members SCRA Low Interest Rates Investigation

Military members, check your interest rates. If you are on active duty, you should not be charged more than six percent—for your credit cards, your mortgage, or your car loan, if you obtained these loans before you went into the military. This rate is good for the duration of your active service, and lenders can’t  Read more