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Description:
This Back 2 Basics webinar will walk through the some of the most common points of confusion regarding accounts receiving federal benefits. We will discuss representative payees, misdirected payments, returning payments, reclamations, termination of federal benefits, procedures for closing accounts receiving federal benefits, and the rule protecting federal benefits from most garnishments and levies.
Key Takeaways:
• Understand how receipt of federal benefits changes account handling procedures
• Review the essential components of the representative payee role
• Know the appropriate procedures for garnishments of accounts containing federal benefits
Who Should Attend: Compliance officers and staff, branch personnel, any staff processing garnishments on accounts receiving federal benefit
Presenter:
Brett Goodnack, JD, CAMS
Associate General Counsel
Brett Goodnack, JD, CAMS, serves as an Associate General Counsel for Compliance Hub. He graduated from Duquesne University (Kline) School of Law, achieving the William Arthur Hascall McKinney Award for Excellence in Law, and working in the Preliminary Hearings Division of the Allegheny County Office of the Public Defender. Brett earned a Bachelor of Science degree in Crime, Law, and Justice from Penn State University.
Brett brings with him over a decade of professional passion and practice in due diligence and risk mitigation in the financial services industry, having served as an advisor both consulting to and advocating on behalf of diverse financial institutions. Most recently, he acted as Associate Director for a multinational investment bank in their anti-money laundering and KYC regulatory space. Brett has a gamut of experience in the field of banking compliance, ranging from fiduciary and trust administration, to the foundational development of risk-based operating procedures and processes for governance consulting firms.