Consumer Bureau Takes Steps to Protect Stimulus Checks

As the stimulus checks from the American Rescue Plan hit bank accounts, consumer advocates have consistently called for protecting these funds from debt collectors.

Now, the Consumer Financial Protection Bureau (CFPB) has taken steps to protect the funds from the stimulus checks from debt collection, overdraft fees, and other means of redirection.

Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio issued the following statement regarding consumers’ access to Economic Impact Payment (EIP)…