Lawmakers are calling on the U.S. Treasury to protect recipients of direct payments from having their money seized by debt collectors.
In a letter sent to U.S. Treasury Secretary Steven Mnuchin Thursday, Sens. Sherrod Brown, D-Ohio and Josh Hawley, R-Mo urged the Treasury to exert its ability to protect individuals from having their direct payments seized — or "garnished" — from debt collectors.
"Congress included this critical relief in order to help American families struggling to pay for food, medicine, and other basic necessities during the novel coronavirus pandemic and resulting economic crisis," wrote Senators Hawley and Brown. Senators Hawley and Brown propose that the Treasury could apply rules protecting social security and other federal payments from private debt garnishment to the direct payments. The Treasury could also issue new rules or guidance, they said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Coronavirus Stimulus Payments Will Hit Direct Deposit Accounts Next Week, Mnuchin SaysAmericans will receive direct deposits from the government as part of the coronavirus stimulus package beginning next week, says Treasury Secretary Steve Mnuchin
Baca lebih lajut »
Coronavirus Has Shut Stores, and Retailers Are Running Out of TimeWith debt payments looming and access to loans uncertain during the coronavirus crisis, retailers are running out of time.
Baca lebih lajut »
Card networks are encouraging contactless payments worldwide - Business InsiderCard networks are raising contactless payment value limits and working with issuers to send out cards to help stem the spread of the coronavirus.
Baca lebih lajut »
Lawmakers demand answers on Kushner supply chain influenceLawmakers are demanding answers about Jared Kushner's role in directing and redirecting the flow of life-saving medical equipment among private companies, various levels of government and hospitals in need.
Baca lebih lajut »
Debt piling up during the coronavirus outbreak? Here's how to manage itDebt piling up during the coronavirus outbreak? Here's how to manage it investinyou (In partnership with acorns.)
Baca lebih lajut »
AT&T Announces $5.5 Billion Loan, Signals Layoffs May Be ComingAlready heavy with debt before the pandemic, AT&T announced a new $5.5 billion loan and said it would scale down its operations to generate cash—a sign that the media giant could initiate layoffs
Baca lebih lajut »