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Congressional Response Report: Financial Institutions Deducting Fees and Garnishments from Social Security Benefits

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Social Security Administration Inspector General – Congressional Response Report: Financial Institutions Deducting Fees and Garnishments from Social Security Benefits, July 2, 2008.

  • “The objective of our review was to determine whether financial institutions (FI) were deducting service fees and garnishments from beneficiaries’ direct deposit, personal accounts. This report contains information related to the 12 largest FIs and a sample of 13 small-, medium- and large-sized FIs that received electronic deposit of payments to Social Security beneficiaries in the United States from September 1, 2006 through August 31, 2007.”
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