Date: 20 November 2014 Time: 2:00 p.m. Eastern
The Servicemembers Civil Relief Act (SCRA) is designed to provide protection for military members as they enter active duty. Following the 2009 financial crisis and the rising number of foreclosures, reports began surfacing about banks and other financial institutions violating the SCRA.
Collection agencies are susceptible to SCRA violations, too. This edition of insideCompliance will look at what collection managers and compliance officers need to know to stay on the right side. Some agencies make the business decision to eschew any servicemember account -- but is that your best strategy?
- Why SCRA violations mean to a collection agency
- Best practices around handling servicemember accounts
- How collection agencies can work with their clients (creditors) on servicemember accounts
Speakers: Roy Kaufmann
Roy Kaufmann is an attorney with over 30 years of experience in civil and criminal law and am conversant in legislative as well as litigation matters. This experience has offered Kaufmann a good perspective of the preparations needed for effective prosecution of debt recovery while keeping a very watchful eye on protecting the many rights afforded to individuals under the Servicemembers Civil Relief Act ("SCRA"). He has written extensively on the SCRA.