Understanding SCRA and MLA Lookbacks
SCRA and MLA lookbacks have been on the rise and the CFPB has been encouraging increased due diligence to ensure that appropriate regulatory benefits and protections are provided to servicemembers.
{Last updated June 2025)
There was a significant rise in complaints from servicemembers, veterans, and military families in 2023, with a 27% increase compared to 2022 and a 98% increase compared to 2021. The most frequent complaints were related to credit or consumer reporting, debt collection, and checking or savings accounts. We have pulled together the 7 steps that we’ve used with clients to make lookbacks efficient and effective.
You can avoid a lookback. Make sure your Compliance Management System has strong quality assurance and quality control routines. These routines will eliminate the risk of not adhering to SCRA and MLA regulatory requirements. You must be 100% confident in the effectiveness of your systems and controls. When caring for our servicemembers, the scale of sensitivity in providing the appropriate regulatory benefits and protections grows exponentially.
As a financial institution, how do you manage a lookback?
If a lookback is unavoidable, start by understanding all the elements that comprise the effort. Download our 7 steps to see what a lookback entails and the best practices for efficiently conducting either an SCRA or MLA lookback.
