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Veterans' Committee to Investigate Alleged Violations of the Servicemembers Civil Relief Act

Jan 21, 2011 Issues: Veterans

WASHINGTON, DC—Today, Jeff Miller (R-FL), Chairman of the House Committee on Veterans’ Affairs, responded to the surfacing allegations regarding the over 4,000 violations of the Servicemembers Civil Relief Act (SCRA) by J.P. Morgan Chase Bank and committed to holding a hearing on the issue.

“The Servicemembers Civil Relief Act has been in place for decades and I cannot believe that one of the nation’s largest financial institutions appears to be disregarding the protections offered by that law,” commented Miller. “I understand that a class action is imminent, and if the allegations are true, this amounts to widespread abuse of our nation’s heroes and their families. I hope the court will hold Chase Bank accountable to the fullest extent of the law,” Miller also commented, “I am aware of allegations of other actions by J.P. Morgan Chase Bank involving deployed servicemembers that, while not in violation of SCRA, certainly are not in the spirit of this law aimed at supporting our servicemembers. I hope J.P. Morgan Chase Bank will act quickly to resolve these allegations. The Committee on Veterans’ Affairs will be holding a hearing to further examine this and related matters.”