California law blocks debt collectors from emptying your bank account

Source: David Lazarus, L.A.Times (Paid Registration)

Gov. Gavin Newsom signed into law a bill that will prevent debt collectors from emptying Californians’ bank accounts.

The bill — SB 616 — doesn’t block collectors from draining funds from the account of a person with IOUs. But it puts a halt to the practice once an individual’s combined account balances are down to $1,724.

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