SCRA adjustments for line of credit accounts

We launched the first phase of a new functionality that simplifies the process of recalculating accrued interest for active duty servicemembers, helping lenders remain compliant with the Servicemembers Civil Relief Act (SCRA). Now, you can create SCRA adjustments that automatically recalculate past interest accrual at a reduced rate and credit the difference to the account. In future phases, we’ll expand upon this functionality by adding dedicated Event-Based Notifications, dedicated SCRA Guardrail options, and more.