Buckley Sandler Webcast: Defending SCRA Actions
Following the 2009 financial crisis and the rising number of foreclosures, allegations were raised that financial institutions had violated various provisions of the Servicemembers Civil Relief Act ("SCRA"). In subsequent years, the Department of Justice, the Office of the Comptroller of the Currency, the Federal Reserve Board, and state attorneys general have entered into settlements with several financial institutions. While these settlements are based on alleged violations of the SCRA, the theories and requirements contained in these settlements in many cases depart significantly from the requirements of the SCRA itself. As civil litigation regarding SCRA rights increases, it is crucial to understand the differences between the requirements of the settlements and the requirements of the SCRA itself.
We discussed both how the requirements in the various consent orders in many cases exceed the requirements in the statutes itself and how careful factual and legal scrutiny can successfully identify meritless claims. And while it is important from a compliance perspective to keep in mind what the regulators expect, it is important to be ready to defend your institution against claims that do not involve conduct prohibited by the SCRA.
Date: Wednesday, May 1, 2013
Time: 2:00 - 3:15 PM ET
Registration required. Please no outside law firms, government agency personnel, consulting firms or media. After registering and being approved, you will receive a confirmation email containing instructions for joining the webcast.
- Jeff Naimon, Partner