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Service Members to Receive Over $123 Million for Unlawful Foreclosures Under the Servicemembers Civil Relief Act

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The Justice Department today announced a major victory for servicemembers under the Servicemembers Civil Relief Act (SCRA). The Justice Department reached a settlement with a group of mortgage servicers for improperly foreclosing on servicemembers’ homes. The five mortgage servicers are JP Morgan Chase Bank N.A. (JP Morgan Chase); Wells Fargo Bank N.A. and Wells Fargo & Co. (Wells Fargo); Citi Residential Lending Inc., Citibank, NA and CitiMortgage Inc. (Citi); GMAC Mortgage, LLC, Ally Financial Inc. and Residential Capital LLC (GMAC Mortgage); and BAC Home Loans Servicing LP formerly known as Countrywide Home Loans Servicing LP (Bank of America).

The DOJ press release is available here.

Vildan Teske Presents about SCRA Protections at CLE

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Vildan Teske presented a webinar along with Major Lyndsey Olson, General Counsel for the Minnesota National Guard, for Minnesota CLE. The CLE presentation was part of the Creditor/Debtor CLE Series.  Vildan’s presentation focused on the consumer financial protections contained in the Servicemember Civil Relief Act (SCRA).