H.R. 6920, titled the "Improving SCRA Benefit Utilization Act," seeks to improve financial literacy training for servicemembers of the Armed Forces about protections provided by the Servicemembers Civil Relief Act (SCRA), including how to manage interest rates on debts when...
Simple Explanation
H.R. 6920 is a plan to teach soldiers about special rules that help them manage their money better when they are busy serving, like keeping interest from getting too expensive. It also tells loan companies they need to make it easy for soldiers to ask for these special rules using different ways to communicate, like through mail or the internet.