Military Lending

Offering products and services to service members involves a range of requirements under state and federal regulations. These laws cover most financial products and services offered by banks and other lenders. The stakes are high: violations can trigger steep civil penalties, including the voidance of the borrower’s obligation, and other civil and criminal liabilities.

Clients need clarity and precise direction to confidently deploy their products and services. Our national team helps leading financial and lending institutions understand their obligations, create mechanisms to avoid or mitigate exposure, and identify potential vulnerabilities in their offerings. We offer time-tested advice from varied perspectives, including our first-chair litigators who uniquely understand the business implications of violations, as well as former state and federal attorneys general (AGs) and regulators. Collectively, we equip our clients with effective tools to help prevent violations of the Military Lending Act (MLA), the Servicemembers Civil Relief Act (SCRA), and their state analogs. Our holistic approach ensures our clients are compliant with the Truth in Lending Act (TILA), UDAP/UDAAP, and additional laws covering credit reporting, debt collection, and fair lending.

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