Consumer Credit Protection Act (1968)
10 July 2006Consumer Credit Protection Act (1968), 15 U.S.C. §§1671 et seq.
Coverage and Prohibition: All employees are protected by this Act, which limits the amount of an employee’s wages that can be withheld to satisfy a wage garnishment. The amount withheld cannot exceed either: (1) 25% of the employee’s weekly disposable earnings; or (2) the amount by which the employee’s weekly disposable earnings exceed 30 times the current minimum wage set by the Department of Labor. Note that each state has its own statutes on garnishments, and the federal standard is designed only to set the maximum that can be withheld under state law. The federal act does not limit court-ordered wage deductions for the support of any person or wage deductions for state and federal tax debts. The Act also prohibits an employer from discharging an employee whose wages are garnished for one indebtedness.
Enforcement: The Act is enforced by the Wage and Hour Division of the Department of Labor.
Remedies: An employer that discharges an employee in violation of the federal Act may be subject to fines and criminal penalties.
WordPress database error: [Can't open file: 'wp_comments.MYI' (errno: 145)]
SELECT * FROM wp_comments WHERE comment_post_ID = '35' AND comment_approved = '1' ORDER BY comment_date
