Veterans Committee Holds Oversight Hearing on Servicemembers Civil Relief Act Compliance
Today, the House Committee on Veterans’ Affairs held a full committee oversight hearing on mortgage-related violations of the Servicemembers Civil Relief Act (SCRA) by J.P. Morgan Chase Bank. In the hearing, a bank representative admitted that the bank violated the SCRA by improperly charging interest on some 4,500 active duty servicemembers’ mortgages beyond the 6%…