Get the scoop on the FCC’s new telemarketing rulings; your question answered about collecting payments from active duty service members; plus this week’s legal briefs.
Portland-based Unitus Community Credit Union won the Credit Union Commitment to Board Excellence award at the NWCUA Directors’ Conference last weekend. The credit union’s governance model is “one to follow,” according to the awards committee.
Do we stop collecting payments on loans for a service member who is now on active duty?
The Act mandates that a foreclosure proceeding against certain military personnel is not valid unless the creditor has obtained a court order approving it and further states that the courts may stop the proceedings for a time or adjust the debt.