It's a known issue since the last patch folks have been having problems. Apparently, R* also knows per someone I'm assuming found out through their Support.
I'm am going to merge threads.
ATTENTION:
I am combining all of the complaints about the unplayability of RDO after the latest patch. R* is working on it:
https://www.eurogamer.net/articles/2020-08-11-rockstar-working-to-fix-red-dead-online-after-fans-call-it-unplayable