SCRA Monitoring for Military

By June 24, 2020September 25th, 2020Brochures

SCRA Compliance and Monitoring

For Financial Institutions

The Servicemembers Civil Relief Act (SCRA) helps military personnel focus their time and attention on duty by easing financial burdens during their military service. To comply with SCRA, financial institutions, telecommunication companies, and debt collection agencies need to identify SCRA-protected individuals in order to appropriately adjust interest rates and adequately handle other protections. Failure to comply with SCRA can cost financial institutions hundreds of millions of damages in fines and relief payments.

Learn how ID.me’s automated SCRA monitoring can help to ensure compliance for loans and debt collection, while helping to minimize costs and regulatory burdens for your financial institution.

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Shiloh Paul

Shiloh Paul

Shiloh Paul is a Marketing Manager at ID.me. She has authored a number of articles and quantitative research studies. Her work has appeared in articles published in the Wall Street Journal, MarketWatch, Accounting Today, and various other industry newsletters. She's also published a children's book. Shiloh lives in the Northern Virginia area where she is active in local charity efforts to support pet adoption, community cleanup, and ending childhood hunger. In her spare time, she enjoys science fiction and fantasy, oxford commas, and acting. Shiloh is hard at work writing her first novel.