FStokes

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Posts by FStokes

Government’s Need to Stem Improper Payments Mirrors Banking Industry’s Need for Same

July 23, 2010 - 4:10 pm

Posted in Exception Processing, Legislation, Regulations, Audit, Industry Standards, Security | No comments

Improper payments have been a worsening hemorrhage for the Federal government for longer than a decade. Passage of the Improper Payment Information Act of 2002 was an early signal that the costs were headed even higher. Targeting a $110 billion source of government waste makes sense. Signed into effect by President Obama yesterday the Improper [...]