Gov. Andrew Cuomo is calling on U.S. Treasury Secretary Steve Mnuchin to ensure New Yorkers do not have the federal stimulus payments they receive to assuage economic hardship brought on by the COVID-19 pandemic frozen by banks or seized by creditors as soon as they arrive.
In a letter to Mnuchin that was released over the weekend, Cuomo wrote:
"(A)s your Treasury Department prepares to roll out these direct payments to individuals, it’s critical that you now act to exempt these payments from garnishment. Exempting the stimulus payments from seizure by creditors will maximize the impact they will have on our fragile national economy, protect these funds from becoming simply a windfall to creditors, and throw more Americans a bigger life preserver."
"...Our country’s battle against the coronavirus will endure long after the last patient is released from the hospital – it will take years to recover from the pandemic’s emotional, physical, and financial burden," the governor continued. "Our job today is to ensure the resources available to turn our country back around and kick-start our recovery are delivered, quickly and fully."