Old-Age, Survivors and Disability Insurance Benefit Payments Sent to Non-Bank Financial Service Providers
- Audit report number
- A-06-09-29090
- Full report
- /~assets/uploads/a-06-09-29090.pdf
- Summary report
- /~assets/audits/summary/29090.pdf
Our objectives were to (1) determine the extent to which non-bank financial service providers (FSP) obtained direct access to Old-Age, Survivors and Disability Insurance benefit payments; (2) identify demographic information of the affected individuals; and (3) determine what steps the Social Security Administration had taken to prevent the transfer or assignment of these payments to non-bank FSPs.
