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#pandemic loan
politijohn · 2 years
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*fake shock*
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memenewsdotcom · 9 months
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Yellow files for bankruptcy
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View On WordPress
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randyite · 7 months
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I believe it 😂😭
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The Biden administration announced a series of measures Thursday to track down and punish fraudsters who scammed billions of taxpayer dollars that were supposed to provide relief to Americans during the COVID-19 pandemic.
Biden is pledging $1.6 billion to bolster law enforcement manpower and new programs that will be used to prosecute scammers, prevent fraud, and provide assistance to victims of identity theft.
“We want to not only capture them and get their funds, we want to send a signal to them that you can run, but you cannot hide,” said Gene Sperling, a Biden senior adviser who is overseeing the implementation of the COVID-relief plan.
THE LATEST
• The administration’s plans call for creating 10 Department of Justice “strike forces” that will include U.S. attorneys and other law enforcement officials to investigate COVID-relief fraud and help recover stolen tax dollars. The teams will target criminal syndicates and other major fraudsters. Three strike forces already are in place and have recovered millions of dollars in stolen relief funds, officials said.
• The administration also will propose increasing the statute of limitations to 10 years for fraud involving the pandemic Unemployment Insurance program, which has been hit especially hard by scammers.
• Some $300 million will be distributed to inspectors general at the Small Business Administration, the Department of Labor and the staff of the Pandemic Response Accountability Committee, a government watchdog over pandemic spending. The money would be used to hire investigators and make sure they have the resources needed to pursue specialized cases of pandemic fraud.
• In his proposed budget to be released next week, Biden will offer a package of legislative reforms to prevent, detect and recover payments made improperly through the Unemployment Insurance program.
• Federal grants would be made to states to help modernize their information technology systems to enable them to respond more quickly to fraud, decrease erroneous payments and provide more efficient claims processing.
• New initiatives also would be put in place to identify victims of identity theft, including an early warning system to stop potentially fraudulent transactions before they occur and a one-stop shop to report identity crimes.
WHY IT MATTERS
The federal government distributed more than $5 trillion in pandemic relief under programs approved by Biden and former President Donald Trump. The money was distributed quickly, leading to an increase in fraud and other improper payments, such as those that shouldn’t have been made or were made in the wrong amount.
The Government Accountability Office reported last month that the extent of fraud in COVID-relief programs is not yet known but that the Unemployment Insurance program alone was believed to have made more than $60 billion in fraudulent payments.
From March 2020 to last January, at least 1,044 people pleaded guilty or were convicted of defrauding COVID relief programs, the GAO report said. Federal charges were pending against another 609 individuals or entities for attempting to defraud COVID-relief programs.
Also, the federal government gave $5.4 billion in COVID aid to small businesses with “questionable” Social Security numbers, the Pandemic Response Accountability Committee reported in January. The watchdog identified nearly 70,000 questionable Social Security numbers used to obtain pandemic aid from two programs run by the Small Business Administration.
WHAT'S NEXT?
The Republican-led House Oversight and Accountability Committee has opened an investigation into fraud in COVID-relief programs. The committee held its first hearing on the subject last month.
Sperling, however, said the administration’s anti-fraud package isn’t a direct response to the GOP investigations. Most of the proposals were being prepared before last November’s election, he said.
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pneapple · 11 days
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do I have any legal ground to refuse to repay my federal student loans
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feathersandfoxtails · 2 years
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Student loan payments refund
STUDENT LOAN HAVERS: Did you know that under the CARES act you can have any payments made after 3/13/20 refunded? This will cause your loan to go back up to that amount, but if anyone is getting their loan forgiven and has less than $10K or you're like me and were trying to pay down your loans during the 0% interest period and then got it forgiven finally for PSLF?
Just was on the phone with FedLoan and they have processed my refund. I may have cried a bit about this. Hopefully this information helps someone else out there!
My friend found this out from TikTok! It was a very very tiny sentence tucked away on my loan provider's webpage, so it's hidden away. But call and ask for it!!!
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meandmybigmouth · 1 year
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FISCAL CONSERVATIVES! . HERE’S AN IDEA LETS INVESTIGATE THE WHOLE COVID RELIEF HANDOUTS TO THE RICH AND TRUMP ALLIES?
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tchaikovskaya · 2 years
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idk i just.... i definitely understand those who say its wrong to be upset over the student debt forgiveness, especially the ones arguing that on principle you should want and be working toward a better future for the people coming after you, but i also sympathize with the people who are bitter about having to pay their loans off before all this. like.... $10k in principal debt is a fucking lot for most people, not just to be wiped but also thinking about the interest that would have accrued otherwise. and i think the trolley problem memes and the "i dont want a cure for cancer bc its unfair to me who endured chemo and beat cancer before the cure was a thing" comics etc etc etc miss the mark a little bit like... you can agree on principle that its good and still be bitter that you had to, even shortly before all this.
i just think those analogies are quite reductive and are missing a big component that i cant quite put my finger on, but i certainly understand why some people are a little upset about having missed the boat, even if they agree that the people coming after them should have their debt forgiven.
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theriverdalereviewer · 10 months
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HOW BAD DO THINGS NEED TO GET IN THIS COUNTRY FOR THINGS TO CHANGE
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the-shy-artisan · 10 months
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It’s not like an extra $20k off my back meant me finally moving out of my parents’ house and getting a car or anything.
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twowivestwoknives · 1 year
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student loans took cash out of the wrong acct on the big bills month (between wifi, rent, phone, effectively i have maybe 100$ left on my paycheque, so, rent). so i had to pay off credit AND that negative balance so my small savings is drained.
#i have a cash thing with a little extra cash in my room but i have to use ha#lf of it for this#i need to get access to the money my mom is keeping from me#cuz when i have access to that#its not a lot but its more than ive ever had#and i can use that to send around to people so i dont have to worry about being in this stress#im keeping a note of everyone who's ever helped me out#and when i get out of this financial abuse sitch w my mom proper they're getting whatever i can afford first#im so mad no one should be struggling fuck capitalism#but when i got this job in 2020 my rent was 700 and we were in a pandemic (Still are)#but still having like lockdowns#it was just groceries#now my rent is 1000#i spent a bunch of money supporting someone early 2021 which drained my savings#and i dont regret it but god i wish i was smarter with money#and my student loans kicked back in when they stopped the hault on repayments#and then inflation#im literally employed by the government and i dont get paid enough to live here#i used to be able to support my people financially and now its like#5 or 10 $ is ahhhh a lot of the time#i keep getting up to almost 1000 savings and then credit card or student loans or mental health episode#and i know part of it is my own fault#i am bad and impulsive with money#and i havent confronted my mother proper about the $$$ thats in my name but somewhat inaccessible#fuck i just gotta do it i cant keep up like this and my ppl deserve my support i cant fucking ask#i just#idk#im gonna go delete the post i made askin its my damn fault
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so, if i tried to make little things to selle like scrunchies or soemthing (cause theyre easy and i have a lot of scrap fabric) would anybody buy them? simple clothing of some sort?
i really need help if anyone has any ideas, ive been unemployed since basically October and ODSP fucked me, i cant work but i cant get help from the government either because i cant take medication to 'prove' i should be on disability, but i really really need money
#im going to learn how to alter clothes but im in no shape right now to go in and learn#and im really kinda desperate at this point#i need fabric to make some summer clothes and its super costly#i need to make a fall coat before fall comes and i need to pick up soap and dish soap and medicated body wash#and groceries#my health is suffering because i cant eat much but i can eat what i bake but butter is seven bucks a pop so i cant bake#nor do i have a proper oven to bake bread#i need vitamin water cause i dont remember to take vitamins and supplements and what i do remember tastes like roadkill#and dont even ask me how much those cost#and all i actually want is to leave this province which my gramas having surgery on her leg so now my family wont be able to travel this#summer even though my mums be telling me for 5 years wed go to the coast for my birthday and we never do and im not able to go on my own#and i had been all set for tattoos before the pandemic and now i cant afford any of them and i dont think i can convince my old man to pay#for them cause he thinks im just lazy but i just wanna be pretty and everything i do backfires and ends up worse including my hair#and a piercing I've had for ten years#everything sucks and if the plan i have to get me to the coast happens i meed to pray the bank will give me a massive loan so i can#buy a place with three units so the rent would cover me because as i am now i dont know how to make any money#unless im able to get disability out there#and on top of that i finally have reached the point i need a cane and im so ashamed of this stupid body#that no one has ever loved and i dont have money enough to paint it or make it look fancy if i have to use it#i can barely walk i felt better today then made it three steps ar the store before i almost fell down again#i dont know what to do and i need advice on how to make some money when i cant do much and rn i just want to be outside anyway#all of this would be so much less stress if i just had my person but hes not here and i dont know how to meet him#and im so afraid i never will i dont want to pass another fucking year alone and untouched and not knowing what its like to be wantwd#and the more time passes the less my own family wants me and the worse my health gets amd no one cares#and i just want my person cause i know he always would and i dont know what to do but ache for him#and be afraid ill always be trapped in this shitty boring lonely life#but at least i meed money of nothing else to prevent running out before top surger and not affording it and also to get tattoos#im so tired and scared and no one ever knows how to help if they even want to#someone just see me and save me already#i dont want to be doted on or paid for i just want someone to see me and ask me to run away with them
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abs0luteb4stard · 2 years
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W A T C H I N G
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inter-volve · 2 years
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@kaburbank via tiktok
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reachingworldlive · 2 years
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Can I Avail of a Loan Repayment Holiday?
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