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Banks urged to improve Social Security direct-deposit service
House Banking Chair Henry Reuss urged stronger rules as 4.5 million recipients face direct-deposit checks. Complaints include no notice when deposits post and banks charging for inquiries. Treasury also blamed for lack of guaranteed no-delay regulations while carriers gain deposits and savings.
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
Henry Reuss
Reuss
Treasury Department
Wisconsin Democrat
Treasury
William Simon