Posted on May 29, 2015
Bank of America Fined for violating the Military Relief Act! What are your thoughts about this?
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Bank of America must pay a $30 million fine after a financial regulator found numerous violations related to the accounts of 73,000 military service members. Jerks!
http://www.nytimes.com/2015/05/30/business/dealbook/bank-of-america-fined-for-violations-of-military-relief-law.html?_r=0
http://www.nytimes.com/2015/05/30/business/dealbook/bank-of-america-fined-for-violations-of-military-relief-law.html?_r=0
Posted >1 y ago
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SFC Joseph James, I served as a detailed IG during the first Gulf War. One of the most often dealt with complaints was the various financial institutions failure and refusal to comply with the terms of the Servicemembers Civil Relief Act. It's been going on forever and only actions such as these will keep the financial institutions in check.
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