Daily News from the Veterans Today Network

Creditors Use Loophole to Seize Protected Veterans Benefits

Bill collectors are exploiting a legal loophole to seize Social Security and Veterans' benefits even though federal law is supposed to protect the payments from creditors.

Lawmakers from both parties who have been pressing the Treasury Department for years to close the loophole with new regulations are growing impatient. The Obama administration is now promising action but has offered no timetable for developing the new rules.
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