Bank withholding your coronavirus stimulus checks? How you may protect it
The objective of the stimulus checks is to help people pay for their necessities. However, a loophole in the $1.9 trillion American Rescue Plan allows private debt collectors to garnish the stimulus payment. The Consumer Financial Protection Bureau (CFPB) has come up with an advisory that could help people protect their coronavirus stimulus checks if they have a negative balance on their account. Q4 2020 hedge fund letters, conferences and more CFPB working to protect stimulus paymentsUnlike the previous rounds of coronavirus stimulus checks approved last year, the latest American Rescue Plan ...