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Case

United States v. Bayport Credit Union (E.D. Va.)

Overview

On March 18, 2022 the court entered a consent order in United States v. BayPort Credit Union (E.D. Va.).  The complaint, which was filed on March 10, 2022, alleges that a credit union failed to cap servicemembers’ interest rates for pre-service loans at 6% and repossessed servicemembers’ motor vehicles without the required court orders.  The consent order requires BayPort to pay $69,443.10 to 24 servicemembers and pay a $40,000 civil penalty.  The agreement also includes changes in BayPort’s SCRA interest rate benefit and repossession policies and employee training.

Press Release - (03/18/2022)


Case Open Date
Case Name
United States v. Bayport Credit Union (E.D. Va.)
Topics
Servicemembers Initiative
Civil Rights
Tags
  • Servicemembers Civil Relief Act; SCRA; military service; active duty service; Army; monthly payment
Industry Code(s)
  • None
Updated July 5, 2023