The Edcomm Group Aids Deployed Soldiers in an Unusual Way
With no end in sight, troops are continuing to be deployed to the Middle East. Some families have not seen their loved ones and “bread winners” for over a year. It is enough to miss the soldier who has been sent overseas, but what some may not consider is the financial hardship of the situation. Yes, the government provides soldiers with compensation, but that may not be enough to afford families the quality of living they have earned in their civilian life. There is help: The Servicemembers Civil Relief Act (SCRA).
(PRWEB) January 28, 2005
With no end in sight, troops are continuing to be deployed to the Middle East. Some families have not seen their loved ones and “bread winners” for over a year. It is enough to miss the soldier who has been sent overseas, but what some may not consider is the financial hardship of the situation. Yes, the government provides soldiers with compensation, but that may not be enough to afford families the quality of living they have earned in their civilian life. There is help: The Servicemembers Civil Relief Act (SCRA).
As a service to the financial industry and the military personnel who are offering the ultimate sacrifice to serve our country, The Edcomm Group is presenting “The Servicemembers Civil Relief Act,” at no cost. By accessing The “Servicemembers Civil Relief Act” at www. bankersacademy. com, you can walk through a five-minute multimedia presentation. Servicemembers and relatives will learn how to get help, and banks will learn how to comply with the rules set forth by SCRA.
This tutorial applies The Edcomm GroupÂ’s regulatory compliance knowledge, ability to deliver distance learning solutions, and understanding of the needs of the financial service industry. The Edcomm Group has produced an interactive and quick way for members of the financial service industry, as well as soldiers and families of deployed soldiers, to learn their responsibilities in adhering to The Servicemembers Civil Relief Act.
The financial service industry is one of the most regulated industries. Adherence to the complex and heavily legally worded federal, state, and local lending, savings, and investing regulations is often very difficult. Most banking regulations consistently affect every customer in the same way. This continuous application of well-understood regulations helps to assure their compliance.
In mid-December 2003 President Bush signed into law The Servicemembers Civil Relief Act. The bill restates, clarifies, revises and renames The SoldiersÂ’ and SailorsÂ’ Relief Act of 1940, a banking regulation that is unique to whom it benefits and how it is irregularly applied. The Act is specifically intended to aid the citizen soldier, the non-career soldier, who has left their financial and civic obligations to serve our country. Since the benefits of this regulation come to light almost exclusively when our country is at a time of war and has a massive deployment, something that has not happened since 1991, this Act is not widely known. Many bankers and insurance personnel do not know how to comply with this Act.
The Edcomm Group is an 18-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service, and market share: Providing bottom-line results. The Edcomm Group (www. edcomm. com) (www. bankersacademy. com) is headquartered in New York City with an Advanced Design Center located in Fort Washington, Pennsylvania.
For more information, please contact:
Linda Eagle
President, The Edcomm Group
1-888-4EDCOMM
Linda. eagle@edcomm. com
Lauren Tosti
Public Relations, The Edcomm Group
1-888-4EDCOMM
Lauren. tosti@edcomm. com
###
