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In-may 2011 the Treasury Department introduced a brand new regulation that identifies exempt deposits, including Social protection advantages, once they show up on a bank worker’s monitor, telling the lender why these funds may not be garnished. “Before, the financial institution would typically state, ‘It’s maybe not as much as us to determine whether funds are exempt.’ They’d get a garnishment demand and freeze your bank account,” claims Jay Speer, executive manager of this Richmond-based Virginia Poverty Law Center. “You’d need certainly to visit court to show these people were exempt. (more…)