Social Security Administration Payments Sent to Payday Loan Companies
- Audit report number
- A-06-08-28112
- Full report
- /~assets/uploads/a-06-08-28112.pdf
To determine the extent to which high-interest “payday” lenders obtained direct access to Social Security payments, identify demographic information of the affected individuals, and determine what steps the Social Security Administration (SSA) had taken to prevent the transfer or assignment of these payments to payday lenders.