Tag: bureau_of_the_fiscal_service
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Treasury Expands Do Not Pay to 99% of Federal Programs, Verifies $3.7 Trillion in Payments
Treasury reports FY2026 fraud prevention gains: Do Not Pay access jumped from 4% to 99% of federal programs, 2.3 billion records screened, and $175 million in payments to deceased individuals returned.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingLegal U.S. Department of the TreasuryDo Not Payimproper paymentsScott BessentExecutive Order 14249Bureau of the Fiscal Servicepayment verificationUS Treasury
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Direct Express Program Transitions to Fifth Third Bank
The Direct Express program, which delivers federal payments, is transitioning to Fifth Third Bank as its new financial agent. This change was announced by the Social Security Administration following a selection by the U.S. Department of the Treasury.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentBankingEconomy Direct ExpressFifth Third BankSocial Security AdministrationU.S. Department of the TreasuryBureau of the Fiscal ServiceFinancial AgentProgram Change
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Direct Express Program Transitions to Fifth Third Bank
The Direct Express program, which delivers federal payments, is transitioning to Fifth Third Bank as its new financial agent. This change was announced by the Social Security Administration following a selection by the U.S. Department of the Treasury.
Politics and GovernmentBusinessFederal GovernmentEconomyBankingSocial Issues Direct ExpressFifth Third BankSocial Security AdministrationU.S. Department of the TreasuryBureau of the Fiscal ServiceFinancial AgentProgram Change