SCRA Meets FCRA: When Statutes Collide

Law360, New York (October 10, 2013, 2:59 PM EDT) -- When acronyms collide, confusion can ensue for consumers and lenders. Obligations under one statute must be harmonized with others. Two easily confused statutes are the SCRA and the FCRA.

The SCRA, or the Servicemembers Civil Relief Act, provides certain benefits and protections for members of the United States Armed Forces when called to active duty military service. The FCRA, or the Fair Credit Reporting Act, regulates the collection, dissemination, and use of consumer information, including consumer credit information.

One question that often arises is whether the...
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