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Employees Stress Over More Amazon Layoffs in 2026
Regulators Are Now Avoiding Communication with Next Bridge on MMTLP
US Banks Now Receive Subpoenas Following a Massive Margin Call
Bank of America Branch Closures Now Surge Before Year Ends
JPMorgan Firm Now Barred by Regulator for Illegal Trading
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Home/Banking News/Social Security User Is Now Hit With A Massive Penalty
Market News Today - Social Security User Is Now Hit With A Massive Penalty

Social Security User Is Now Hit With A Massive Penalty

By Frank Nez
April 22, 2024
2

A Social Security user is now hit with a massive penalty of $49,000 in ‘overpayment’, claiming she is being attacked.

LaTaya Gilmore says Social Security is attacking her after they slapped her with a $49,000 overpayment she claims she does not owe.

Gilmore says she also feels discriminated and is now suffering because no one can help her.

“Social Security disability is attacking me. They slapped me with a $49,000 overpayment that I don’t owe,” she told FrankNez.

“They changed my paperwork to stop my disability benefits. Judge Ball, something is really wrong with this lady.

I really think she hates pretty black women because they have stopped my income since February, leaving me homeless without being able to pay my bills and no one is listening to me.

I called WABL and these people play games with me.

Mr. Gary was helping me but this lady named Jenny picked up the phone and told me I couldn’t talk to him no more and the she kept picking up the phone saying ‘bye-bye’ like 15 times.

I called back because I needed help and then in turn, he told me I disrespected her.

I can’t get the help so I’m left out here in Baltimore to suffer.”

Last week I reported that a Social Security beneficiary was told she owes an additional $2,400 after paying off $4,111 due to overpayments, leaving her broke.

Katy Wells warned other recipients about the issue in a Facebook post.

“The Social Security Office needs to be cleaned out and revamped with people that know how to figure math correctly,” she wrote.

Wells explained that when she retired from her job as a school crossing guard in May 2022, she took all the necessary paperwork to a Social Security office to start collecting payments.

Then, in June, she brought in pay stubs to ensure she was getting accurate payments.

Unfortunately, in February 2023, she got a letter from the Social Security Administration SSA saying they had overpaid her $4,111 and that she would need to pay it back.

If you or anyone you know is going through something similar, share your story in the comment section below.

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Also Read: Social Security Is Now Demanding Money From Certain Individuals

Other Economy News Today

Market News Today - Social Security User Is Now Hit With A Massive Penalty.
Market News Today – Social Security User Is Now Hit With A Massive Penalty.

A massive bank now freezes money from direct deposits affecting several users. The giant says it was an unprecedented glitch.

Bank of America clients have been saddled by direct deposit delays following a payment processing glitch.

Customers began to report digital payment delays to Bank of America.

Social media users tagged the bank to explain how their paychecks hadn’t yet hit their accounts in November.

“Bank of America Day 4 & still no direct deposit, no update on potential resolution,” one user wrote on X.

“Or at the very least what’s being done to resolve the issue, no transparency, no assistance, no communication from you all at all. Nothing. Wow. This is so bizarre.”

Wells Fargo clients also reported experiencing direct deposit lags, and both banks reported questions to The Clearing House.

The Clearing House is an automated clearing house system that operates as a private sector in the US.

The Clearing House told CBS MoneyWatch that payment instructions were sent to banks due to a “processing error.”

Payments were delayed since banks needed to process data and incoming payments to clients’ accounts.

The company said it worked with the affected customers and the Federal Reserve to fix the issue.

“Many of the delayed payments have already been posted, and we will continue working with financial institutions to ensure the remaining transactions are processed,” The Clearing House wrote.

An ACH network enables money to be digitally transferred between US bank accounts.

The Clearing House and the Federal Reserve Banks process millions of payments daily, as per The Clearing House.

Its process involves an operator sending a file to a bank or credit union and allowing the institution to transfer funds into a client’s account.

The Clearing House posted a statement on its website saying the payment error resulted from masked information, “due to a TCH error.”

For more news and updates like this, opt-in for push notifications.

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

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Market News Today - Social Security User Is Now Hit With A Massive Penalty.
Market News Today – Social Security User Is Now Hit With A Massive Penalty.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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Social Security User Is Now Billed Whopping $13K in Overpayment

2 Comments
  1. Frank Nez says:
    April 22, 2024 at 7:25 pm

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  2. Frank Nez says:
    April 22, 2024 at 7:25 pm

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