Several bank giants will pay $123.4 million to members of the military for
violating
a federal law that is to protect service members from foreclosures when
they’re on active duty, the U.S. Department of Justice reports. The
lenders have been accused of violating the Service members Civil Relief
Act, which prevents non-judicial foreclosures against service members
who are on or recently left active duty. The foreclosures involved in the most recent settlement occurred between Jan. 1, 2006, and April 4, 2012. "Service
members should never have to worry about losing their home to an
illegal foreclosure while they are serving our country," read more.
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