Stimulus Checks news and trends

CapOne Earnings Show Accelerated Digital Shift, Improving Credit Metrics
Earnings // January 26, 2021

Capital One Financial said on Tuesday (Jan. 26) that, in its fourth quarter, consumer credit metrics improved as consumers continued to pay down debt. In terms of headline numbers, the company said that revenues were down 1 percent to $7.3 billion, which beat expectations of...

IRS Error Puts Stimulus Payments In Wrong Accounts
Economy // January 11, 2021

There were around 13 million defunct accounts that accidentally received stimulus check payments by the IRS, which the agency is now attempting to get to their right places, according to The New York Times on Sunday (Jan. 10). Those who still haven’t received their stimulus...

IRS Says Much Of Next Stimulus Payout Will Be Faster Direct Deposits
Faster Payments // July 23, 2020

The money for a second round of $1,200 stimulus checks for individual Americans could come quicker than the first, according to The Wall Street Journal (WSJ). The heightened speed at which the payments will come is based around the procedures, online tools and bank account...

$1.4B In Pandemic Stimulus Checks Went To Dead People
Coronavirus // June 25, 2020

Pandemic stimulus payments totaling almost $1.4 billion went to dead people as the Internal Revenue Service (IRS) and Treasury Department rushed to send out $269 billion in funds, according to a Thursday (June 25) U.S. Government Accountability Office (GAO) report. The government watchdog noted that...

Quick Reads
IRS Error Puts Stimulus Payments In Wrong Accounts

January 11, 2021
There were around 13 million defunct accounts that accidentally received stimulus check payments by the IRS, which the agency is now attempting to get to their right places, according to The New York Times on Sunday (Jan. 10). Those who still haven’t received their stimulus payments are advised to keep an eye on their bank […]

IRS Says Much Of Next Stimulus Payout Will Be Faster Direct Deposits

July 23, 2020
The money for a second round of $1,200 stimulus checks for individual Americans could come quicker than the first, according to The Wall Street Journal (WSJ). The heightened speed at...

$1.4B In Pandemic Stimulus Checks Went To Dead People

June 25, 2020
Pandemic stimulus payments totaling almost $1.4 billion went to dead people as the Internal Revenue Service (IRS) and Treasury Department rushed to send out $269 billion in funds, according to...

Big-Box Retail CEOs Say Stimulus Checks Boosted Sales

May 22, 2020
If you want to know whether stimulus checks are working to rebuild the economy, just ask the world’s largest retailer. Walmart U.S. CEO John Furner, who oversees more than 4,700 stores,...