But thanks to the Trump government, banks and payday lenders will be allowed to seize the payments if they're owed money!
The people most in need of help right now are also likely to be those in debt. It defeats the whole purpose of a stimulus check if lenders can just snatch it away.
But just because they’re allowed to take it doesn’t mean they have to. Citi and Wells Fargo have already made exceptions — let’s call on all major banks to join them and let people, not banks, benefit from the stimulus checks.
More information
Your Coronavirus Check Is Coming. Your Bank Can Grab It.
The American Prospect. 14 April 2020.
The American Prospect. 14 April 2020.
Wells Fargo, Citi Pause Overdraft Collections as Stimulus Payments Hit
Bloomberg. 15 April 2020.
Bloomberg. 15 April 2020.