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Senators Elizabeth Warren and Sherrod Brown are calling on Congress to put a stop to banks and debt-collectors seizing people's $1,200 coronavirus stimulus payments -- money millions of Americans are relying on to buy food during this crisis.
With more than 22 million Americans already out of work due to the pandemic, the senators are also calling for Congress to allow consumers to press pause on mortgage and rent payments, credit card bills, and car loans until after the crisis -- and to cancel student debt altogether. Banks would be barred from charging penalties for delayed payments, and people's credit reports would be protected.
Warren and Brown write in their proposal, "Providing immediate relief is an important safety net that will be good for families and good for our economy....We will emerge from the current crisis. But if Americans are left drowning in debt at the end of it, our recovery will be hampered as people will spend less on goods and services."
The more people who sign this petition, the more the media will write about the issue and Warren's proposal, and the more momentum we can build for Congress to include this in the next relief bill.
Tell Congress: Listen to Elizabeth Warren when writing the next bill!
Thanks for being a bold progressive.
-- The PCCC Team
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