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Improper Payments vs. Fraud
Recent headlines state that $191 billion in pandemic unemployment insurance was lost to fraud. Not exactly. In this Department of Labor Office of Inspector General's Congressional Testimony, around $76 billion of that is classified as fraud. The rest of those funds are referred to as improper payments.
What’s the government doing now to protect you from identity fraud?
Identity fraud has been rampant during the Pandemic. Our Identity Fraud Reduction and Redress Working Group provides insights agencies can use to keep you, your identity, and the benefits you deserve safe.
PRAC Releases Virtual Stakeholder Listening Forum with Experts from the Banking Industry
The PRAC’s Financial Sector Oversight working group released a new video of a stakeholder listening forum entitled, “Pandemic Response: Perspectives from the Banking Industry.”
Pandemic Response: Perspectives from the Banking Industry
The first in a series of virtual panels with banking and financial services experts, this panel included speakers from lenders and financial institutions that administer programs established or expanded through pandemic relief legislation. Panelists represented a variety of views ranging from community banks, minority depository institutions, and large financial institutions. Learn more and view the video.