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National Consumer Law Center Comments on Proposed Interagency Guidance on Garnishment of Exempt Federal Benefit Funds

November 27, 2007

 

In these Comments we intend to provide both legal and policy reasons to support our request for a clear and comprehensive Joint Guidance from these five federal banking regulators which will address the problems suffered by recipients of federal benefits when their exempt funds are seized or frozen by the banks. We believe – as do others, including numerous members of Congress – that the law is clear, the correct policy is obvious, the right steps for the five federal banking regulators is manifest.

 

Supporting Documents:

Proposed Interagency Guidance on Garnishment of Exempt Federal Benefit Funds