Tag: crackdown
Posted in WP-12
Government watchdog proposes crackdown on paycheck advance products
The Consumer Finance Protection Bureau proposed new rules on Thursday amid a stark rise in the use of paycheck advance products. According to a report by the CFPB, at least 5% of American workers used a paycheck advance product in 2022. These products essentially provide workers with some of their paychecks days before their actual …
Posted in WP-12
IRS Crackdown Nets Enough Revenue To Fund the Government for 90 Minutes
The Biden administration’s expensive efforts at beefing up the IRS’ ability to target wealthier Americans with unpaid federal taxes have finally netted $1 billion in additional revenue. Or, to put it another way, the yearlong campaign has generated enough cash to fund the federal government for…about 90 minutes. Do the math. The United States spent …