dockets: SSA-2008-0023

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id agency_id title docket_type last_modified object_id rin dkabstract category subtype keywords program short_title effective_date organization attrs_raw attr_source
SSA-2008-0023 SSA Use of Master and Sub Accounts and Other Account Arrangements for the Payment of Benefits Nonrulemaking 2015-10-23T01:00:33Z 0b0000648050ab29   We are issuing this notice to obtain public input regarding an anticipated change to an Agency payment procedure that permits benefit payments to be deposited into a third-party’s “master” account when the third party maintains separate “sub” accounts for individual beneficiaries. We anticipate changing our current procedure in light of concerns about how high-interest lenders are using this master/sub account procedure. We are also seeking comments on the practice that some beneficiaries follow of preauthorizing their banks to transfer their benefits to lenders immediately after the benefits are deposited into their accounts. Title II - Non-Disability   ["Beneficiary Accounts"] Title II--Federal Old-Age, Survivors, and Disability Insurance Benefits Payday Lenders     {"displayProperties": [{"name": "abstract", "label": "Description", "tooltip": "Describes an agency's specific regulatory action; equivalents: Abstract, Docket Subject, General Info, Related To, Summary."}, {"name": "shortTitle", "label": "Short Title", "tooltip": "A combination of letters and or numbers assigned to an agency's regulatory action for purposes of brevity."}], "keywords": ["Beneficiary Accounts"], "modifyDate": "2015-10-23T01:00:33Z", "dkAbstract": "We are issuing this notice to obtain public input regarding an anticipated change to an Agency payment procedure that permits benefit payments to be deposited into a third-party\u2019s \u201cmaster\u201d account when the third party maintains separate \u201csub\u201d accounts for individual beneficiaries. We anticipate changing our current procedure in light of concerns about how high-interest lenders are using this master/sub account procedure. We are also seeking comments on the practice that some beneficiaries follow of preauthorizing their banks to transfer their benefits to lenders immediately after the benefits are deposited into their accounts.", "agencyId": "SSA", "program": "Title II--Federal Old-Age, Survivors, and Disability Insurance Benefits", "shortTitle": "Payday Lenders", "subType2": null, "title": "Use of Master and Sub Accounts and Other Account Arrangements for the Payment of Benefits", "generic": null, "field1": null, "docketType": "Nonrulemaking", "petitionNbr": null, "rin": null, "organization": null, "legacyId": null, "subType": null, "category": "Title II - Non-Disability", "field2": null, "effectiveDate": null, "objectId": "0b0000648050ab29"} single_get

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