CFPB Encourages Financial Institutions Not to Intercept Stimulus Funds
By EsqSocial Corporation 02/04/21
CFPB Acting Director Dave Uejio issued a statement encouraging financial institutions and debt collectors to permit consumers to access the full value of their Economic Impact Payment (EIP) funds distributed through the American Rescue Plan Act of 2021. Additionally, the CFPB issued a new consumer advisory offering advice on steps consumers can take if they believe their bank or credit union has withheld their stimulus payment to cover an overdrawn account balance....
By: Weiner Brodsky Kider PC