CFPB Flags COVID-Related Consumer Complaints in Latest Bulletin
The Consumer Financial Protection Bureau today issued a consumer complaint bulletin that focused on complaints related to certain COVID-19 relief efforts.
Browsing: Economic impact payments
ABA Data Bank: How Households Use Their Stimulus Checks
The Federal Reserve found “remarkable stability in the actual and expected uses of stimulus checks” across all rounds of Economic Impact Payments, with most funds going towards saving and debt payments.
ABA Executive Committee Discusses Sanctions, Economy with Deputy Treasury Secretary
In a meeting with members of ABA’s executive committee today, Deputy Treasury Secretary Wally Adeyemo said that he is in the process of conducting a full review of the nation’s economic and financial sanctions programs, and “noted the important role financial institutions play in implementing these policies,” according to a readout of the meeting.
ABA, Financial Trade Groups Urge IRS to Improve ‘Get My Payment’ Website
The American Bankers Association and six other financial trade groups today requested that the Internal Revenue Service improve its Get My Payment website to provide more accurate and timely information about the status of economic impact payments.
IRS Sends 25 Million Economic Impact Payments
The Internal Revenue Service said today that it has issued another 25 million economic impact payments with a value of more than $36 billion in the fourth batch of payments.
IRS, Treasury Announce Next Batch of Economic Impact Payments
The Internal Revenue Service and Treasury announced today that the next batch of economic impact payments will be sent to taxpayers this week, with a payment date of Wednesday, March 24.
Podcast: Highlights from the 2021 ABA Washington Summit
In this episode, podcast co-hosts Evan Sparks and Monica C. Meinert review highlights from the ABA’s just-concluded virtual Washington Summit. If you missed the Summit, tune in for insight and analysis on the past few days, and if you watched the virtual event, revisit all the highlights in just 20 minutes.
White House Official: Direct Payments Raise Stakes for Unbanked
With more direct payments coming for many Americans in the wake of a new round of economic impact payments, the importance of having a banking relationship will rise for unbanked Americans, White House official Cedric Richmond told ABA’s Washington Summit today.
Financial Trade Groups Address Confusion Around Economic Impact Payment Date
In response to confusion about when consumers can access the latest round of economic impact payments, the American Bankers Association joined a coalition of nine financial trade groups today in issuing a statement confirming that the Internal Revenue Service chose March 17 for EIP funds to become available.
IRS Issues EIP FAQs as Direct Deposits Begin Moving
The IRS tonight announced that the third round of economic impact payments will begin reaching Americans over the next week, with some direct deposit payments arriving as soon as this weekend.