Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Senate bill would expand credit relief for servicemembers
WASHINGTON (5/24/12)--Legislation that would make it easier for active-duty military personnel to claim the protections under the Servicemembers Civil Relief Act (SCRA), and extend foreclosure protections offered under the SCRA to the surviving sponsors of military members, has been offered in the Senate.

The bill was introduced this month by Sen. Jack Reed (D-R.I.) and is co-sponsored by Sens. Dick Durbin (D-Ill.), Sheldon Whitehouse (D-R.I.), Mark Begich (D-Alaska) and Sheldon Brown (D-Ohio). Delaware Attorney General Beau Biden joined the senators and the Military Officers Association of America, the American Legion, AMVETS, the Non Commissioned Officers Association, and other groups to publicly support the bill.

"Giving our troops time to prepare for deployment and get their financial affairs in order is central to mission readiness," Reed said in a release, adding that "soldiers who are fighting on the frontlines to protect our country shouldn't have to needlessly fight with creditors and landlords back home."

"We must ensure the laws that protect our troops keep pace with the challenges they face," he added.

The bill, known as the Servicemember Housing Protection Act (S. 3179), has been referred to the Senate Committee on Veterans' Affairs, and similar legislation was recently introduced in the U.S. House by Rep. Elijah Cummings (D-Md.).
Other Resources

RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
1 day ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
1 day ago