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Special Inspector General for Pandemic Recovery

Interim Report: Audit of the Effects the Main Street Lending Program’s Loan Losses Have on Treasury’s Investment in the Program

Interim Report: Audit of the Effects the Main Street Lending Program’s Loan Losses Have on Treasury’s Investment in the Program
Special Inspector General for Pandemic Recovery

Audit of the U.S. Department of the Treasury’s Process for Its Direct Loan to YRC Worldwide, Inc. Under Section 4003 of the CARES Act

Audit of the U.S. Department of the Treasury’s Process for Its Direct Loan to YRC Worldwide, Inc. Under Section 4003 of the CARES Act
Pandemic Response Accountability Committee

FRAUD ALERT FOLLOW-UP: Improved Sharing of Death Records and Use of the Do Not Pay System Would Strengthen Program Integrity and Better Protect the Public

This update expands on our January 2023 Fraud Alert that identified 69,000 questionable Social Security Numbers (SSNs) used to obtain $5.4 billion in potentially fraudulent loans made in the COVID-19 Economic Injury Disaster Loan (EIDL) program and Paycheck Protection Program (PPP). As detailed in that Fraud Alert, PRAC data scientists, using our Pandemic Analytics Center of Excellence, identified the questionable SSNs after determining that the names, SSNs, and/or dates of birth used in connection with COVID-19 EIDL/PPP applications did not match Social Security Administration’s (SSAs)...
Department of Education OIG

Federal Student Aid’s Processes for Waiving Return of Title IV Requirements, Cancelling Borrowers’ Obligation to Repay Direct Loans, and Excluding Pell Grants from Federal Pell Lifetime Usage

The objective of our audit was to determine whether Federal Student Aid (FSA) had adequate processes for (1) waiving the requirement that Title IV of the Higher Education Act of 1965 (Title IV) funds be returned, cancelling borrowers’ obligation to repay Direct Loans, and excluding Federal Pell grant (Pell) disbursements from Pell lifetime usage calculations for students who withdrew because of the coronavirus pandemic (impacted students); and (2) postsecondary institutions (schools) to report the number and amounts of return of Title IV (R2T4) waivers applied.
Department of the Treasury OIG

CORONAVIRUS DISEASE 2019 PANDEMIC RELIEF PROGRAMS: Audit of Air Carrier Worker Support Certifications - Constant Aviation, LLC (Redacted)

Special Inspector General for Pandemic Recovery

Alert Memorandum: Closure of Participating Main Street Lending Program Bank

Alert Memorandum: Closure of Participating Main Street Lending Program Bank