stimulus

Here is what you need to know about your Economic Impact Payment. For most taxpayers, payments are automatic, and no further action is needed. This includes taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees.

Source: irs.gov

Visa: Digital-First Governments Use Payments Data to Improve Policy and Financial Access
Visa: Digital-First Governments Use Payments Data to Improve Policy and Financial Access
March 09, 2023  |  Digital Payments

Three years ago, we got a sense of how governments could leverage technology in times of crisis — using digital pipes to get aid to...

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UK Watchdog: $1B of COVID Relief Loans Were Fraudulent
UK Watchdog: $1B of COVID Relief Loans Were Fraudulent
January 05, 2023  |  Security & Fraud

Recent analysis from the U.K. finds more than $1 billion in COVID relief loans involved irregularities such as fraud. An October report by the U.K. Department...

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Boston Fed Study Ties Kids to Consumption During Economic Downturns
Boston Fed Study Ties Kids to Consumption During Economic Downturns
December 06, 2022  |  Economy

Despite the holiday cheer, American consumers are growing increasingly anxious about the economy. It’s gotten to the point where even those consumers whose wages and...

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Secret Service: Chinese Hackers Swiped $20M in COVID Relief Funds
Secret Service: Chinese Hackers Swiped $20M in COVID Relief Funds
December 06, 2022  |  Fraud Attack

Federal authorities say Chinese hackers have stolen $20 million in COVID relief money since 2020. The U.S. Secret Service has identified the group behind the...

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IRS Says US Unemployment Comp Hit $405B During Pandemic
IRS Says US Unemployment Comp Hit $405B During Pandemic
November 20, 2022  |  Economy

Unemployment compensation in the U.S. jumped by 1,794% between 2019 and 2020 as Americans were hit by a wave of layoffs during the COVID-19 pandemic....

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US Plans $10B in Funding for SMB COVID Aid
US Plans $10B in Funding for SMB COVID Aid
January 09, 2022  |  SMBs

The U.S. will give out $10 billion in aid to new companies in an attempt to spur business in disadvantaged companies and broaden the recovery...

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Goldman Sachs: Loss of Child Tax Credit Could Upend Economic Recovery
Goldman Sachs: Loss of Child Tax Credit Could Upend Economic Recovery
December 20, 2021  |  Economy

U.S. economic recovery could stall if the estimated 65 million households receiving monthly child tax credits are cut off at the end of the year,...

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Rising Consumer Awareness Sparks Tripling of Instant Payments
Rising Consumer Awareness Sparks Tripling of Instant Payments
November 24, 2021  |  Disbursements

In many ways, 2020 was the year of disbursements in the United States. The U.S. government disbursed stimulus payments to 138 million consumers to shore up...

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CFPB: Millions of Renters at Risk Without COVID Relief
CFPB: Millions of Renters at Risk Without COVID Relief
September 17, 2021  |  Financial Inclusion

Millions of American renters and their families are at risk of economic harm from the COVID-19 pandemic as federal and state relief programs wind down,...

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