Tag: Ally Bank

1
Protecting the Protectors – the Global Settlement Agreements’ SCRA Provisions

Protecting the Protectors – the Global Settlement Agreements’ SCRA Provisions

By: Jonathan D. Jaffe

Given the reported violations of the provisions of the Servicemembers Civil Relief Act (“SCRA”) by some servicers, and the attendant enforcement and civil actions against those servicers, state and federal regulators clearly felt compelled to impose significant SCRA-related requirements on the nation’s five largest residential mortgage loan servicers (the “Servicers”) in the recent global settlement agreements (the “Agreements”) entered into between those regulators and Servicers, described here. Read More

Copyright © 2019, K&L Gates LLP. All Rights Reserved.