IRS spirals a fraud loss from broken refund screening
Washington reports that the IRS paid about 318 million in improper tax refunds this year due to a failed fraud detection computer program. The Treasury Inspector General notes the loss is higher than IRS estimates of 200 to 300 million and criticizes the failed CSC project that cost over 20 million to update.
MENTIONED IN THIS ARTICLE
Washington, D.C
Internal Revenue
Treasury Inspector General For Tax Administration
IRS
Inspector General
Computer Sciences Corp
Ime
House
Treasury
Henry Paulson
Ways and Means Committee
Bill Thomas
Calif
Mark Everson
Education Department and FBI joint data mining on students raises concerns
A five year Education Department data mining program dubbed Project Strike Back scanned millions of student aid and enrollment records for terrorism links using FBI supplied names. The effort reportedly shared personal data including names and Social Security numbers with SBI and Justice Department attorneys. The program ended recently after Medill journalism inquiries.
MENTIONED IN THIS ARTICLE
Washington, D.C
Education Department
FBI
Office
Inspector General
Cathy Milhoan
SBI
Justice Department
Government Accountability Office
Port
Ducation Department
Eneral
Medill School of Journalism
Mortgage rates fall to lowest since April amid cooling housing market
Freddie Mac reports 30-year fixed rates at 6.44 percent, down from 6.48, the lowest since April. Five and 15-year rates also eased while one-year ARMs edged down. Analysts see inflation under control and growth moderating. Fed held rates steady at 1 August meeting.
MENTIONED IN THIS ARTICLE
Washington, D.C
Freddie Mac
Ng Financial Markets
Frank Nothart
Federal Reserve
Central Bank
Also Mentioned on This Page
FBS
Bureau
Department
University of California, Berkeley
Rob Glushko
Suwanee, Ga
Garrett W. McEnerney
UC Berkeley
Frekaie’ Mac
Freddiemac.com
South Caro High School
Denmark Technical Allege
Bamberg
Bamberg-Barnwell
Barnwell, Blackville
Williston
Barnwell
Adult Learning Center
Ellington Street
Pam
Ana Sry
Tion
Samberg & Denmark
Denmark
Holly Street
Aiken
USC Aiken
Aikengoldcuppolo
Energy Senmons
The
Aiken Standard
Floyd and Green Jewelers
Givorce Cable Bell
Signature Store
Aiken Outback
Steakhouse
Reve B
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