Banks may choose to use a customer’s government stimulus check to settle outstanding debts. While the Internal Revenue Service has issued its first round of emergency cash distributed via direct deposit to upwards of 50 million Americans, the CARES Act which approved payments of up to $1,200 per qualifying adult and $2,400 for joint tax […]The post US Banks Could Seize Customers’ Coronavirus Relief Cash to Settle Debts: Report appeared first on The Daily Hodl.
