Description
Examiners expect all financial institutions to conduct and document a comprehensive, ongoing, institution-wide risk assessment. The risk assessment evaluates and rates inherent risk, the quality of controls and residual risk. Benchmarks are provided for each rating for each factor.
The Garnishment Rules Risk Assessment provides a framework upon the risk related to the garnishment rules that apply to a garnishment order against an account holder into whose account a federal benefit payment has been directly deposited is evaluated.
Additional Garnishment tools are available here.
06/2020
