Aldridge Pite presenting at the Georgia Bankers Association Compliance Conference
Aldridge Pite partner Judy Newberry will be presenting: Servicemembers Civil Relief Act (SCRA) & the Military Lending Act (MLA) Update with New Foreclosures at the Georgia Bankers Association Compliance Conference on September 18, 2019. The Servicemember’s Civil Relief Act (“SCRA”) is a federal statute which provides a wide range of protections for military personnel and their family members. By providing for the temporary suspension of judicial and administrative proceedings and transactions that may adversely affect servicemembers during their military service, the SCRA enables servicemembers to focus their energy on the defense of the United States. The SCRA provides conditional protection for servicemembers and their families against foreclosures and evictions as well as reduced interest rates on certain obligations incurred prior to military service. It is imperative that financial institutions have controls in place to ensure compliance with the SCRA in order to protect the institution from regulatory, civil, and reputational risks.
The conference relies upon industry experts to update banks and compliance personnel on the latest regulatory guidance and best practices. The first day of the conference includes sessions dedicated to lending compliance. Register here.
Mrs. Judy Newberry is the Supervising Partner for the Regulatory Compliance group and advises banks on regulatory compliance matters, including supervisory examinations, vendor management, policy reviews and drafting, and director and officer liability and/or self-protection. Prior to representing financial institutions in private practice, Mrs. Newberry worked as the Deputy Commissioner for Legal Affairs for a state banking department and as a Federal Deposit Insurance Corporation (FDIC) attorney. As an enforcement attorney with the FDIC, Mrs. Newberry was responsible for the investigation, identification, and determination of any wrongdoing associated with directors, officers, and other professionals with a failed bank. Mrs. Newberry has spent most of her career with state and federal banking agencies. Mrs. Newberry has served on the Georgia Bankers Association Bank Counsel Board. She has been practicing law for more than 35 years. Mrs. Newberry may be contacted at firstname.lastname@example.org.