Compliance Question of the Week

What is a representative payee?

Picture of sticky notes with question marks on them

Compliance Question of the Week

What is a Social Security Representative Payee Account, which members require one and how should the accounts be established?

Compliance Question of the Week

The beneficiary on a Representative Payee account has requested a loan. What do we do? Can the beneficiary use the SSI payments this way?

Legal Briefs

Your weekly update on the regulatory landscape.

Compliance Question of the Week

Can a credit union allow a mother acting as representative payee for her son’s SSI checks to deposit them into a UTMA account, if she is not the custodian on the account?

Social Security Administration to Change How Social Security Numbers are Assigned

In a move called ‘randomization’ the Social Security Administration will change the way Social Security Numbers are issued.