Quote:
Originally Posted by l2ridehd
And VK,...I would like you to read the page that says the government has electronic access to your bank account and see what your interpretation of that is. Being a banker could you better explain it. Maybe I just don't understand electronic funds transfer from my account to the government.
|
Where is the language describing ETF by the government? I'll re-read it.
I'm not too really excited about the government having ETF authority to charge your checking account. For one thing, they have all the authority they need to seize, freeze or take your accounts as it is, without ETF. I would expect that when I read the proposed bill that the ETF's authorized will almost certainly be by specific government agencies and for very specific and narrow purposes. I'd be surprised if it were otherwise. Being able to obtain payments via ETF is only one step removed from them being able to deduct what they say you owe them from "your money" in the form of Social Security payments, tax refunds, charges to your SSA payments because you made too m much money, etc., etc.
But I will read the language and try to figure out what they're asking for that authority when they never had it before.