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Category Archives: Money
Lawmakers: Foreclosure should not hurt career
A House subcommittee wants to minimize the impact of home foreclosures on service members’ careers by requiring special consideration when a security clearance is given or renewed.
Deadline for stop-loss payments extended again
Congress has again extended the deadline for former troops seeking retroactive stop-loss payments.
Banks must take second look at foreclosures
The eight largest national bank mortgage servicers have been ordered to review all of their foreclosures within the last two years — to include looking at their compliance with the Servicemembers’ Civil Relief Act — after regulators found allegedly unsafe … Continue reading
DoD still forming plans for government shutdown
It remained unclear Tuesday whether 1.4 million active-duty troops will receive paychecks on April 15 as a top Pentagon spokesman said the Defense Department continues work on plans for a possible government shutdown on Friday.
Treasury: Debt ceiling also threatens pay
Military paychecks are threatened by more than just the possibility of a government shutdown.
Budget impasse stressing troops, forcing cuts
The services’ senior enlisted advisors had plenty to tell lawmakers about the No. 1 concern among the troops: the effects of the ongoing budget standoff in Congress, including the possibility that troops won’t be paid, permanent change-of-station orders would be … Continue reading
TSP’s new Roth option to be delayed
The launch of the Thrift Savings Plan’s new Roth option will be delayed until at least April 2012, the board governing the plan said Monday.
DFAS cannot promise pay in government shutdown
The Defense Finance and Accounting Service is mum about what will happen to military and civilian pay if the government shuts down at midnight on April 8 — but they are not promising people will be paid on time.
New bill would increase combat pay
A lawmaker says a trip to Afghanistan to visit U.S. troops has inspired him to continue pushing for an increase in hazardous duty pay, hostile fire pay and family separation allowance.
Feds investigate banks after SCRA complaints
The Justice Department’s Civil Rights Division is investigating JPMorgan Chase, Saxon Mortgage Services and other lenders for alleged violations of the Servicemembers’ Civil Relief Act.