Help On Garnishment

From the Associated Press:

The Obama administration on Wednesday proposed rules aimed at closing a legal loophole that debt collectors have used to seize Social Security and veterans' benefits from bank accounts. ...

Federal law has long protected Social Security and veterans benefits from most creditors, with a few exceptions for child support, alimony, unpaid federal taxes and debts to other federal agencies. But creditors have been seizing the payments anyway by getting court orders to freeze and garnish bank accounts that receive the federal benefits through direct deposit. ...

Under the proposed rules, banks that receive garnishment orders for their customers' accounts would be required to review the accounts to determine whether they received deposits of federal benefits in the past 60 days, and in what amount.

The goal is to give financial institutions clear rules concerning garnishment orders and a safe harbor against liability, a Treasury official said Wednesday.

I do not see this in the Federal Register for last Wednesday.

Update: There is a good reason that I did not see this in last Wednesday's Federal Register. I did not appear in the Federal Register until today.