Schrader proposes new financial protection for soldiers, dares banks to object
Motivated by the story of Jacob McGreevey, the longtime Marine who lost his Vancouver home to foreclosure, Rep. Kurt Schrader, D-Oregon, has introduced a bill strengthening active-duty soldiers' protections against banks and other creditors. A New Jersey lender repossessed McGreevey's house in 2010 between his third and fourth tours of duty in the Middle East despite a federal law that prohibits creditors from taking collections actions against active-duty soldiers.