The Price of Addressing Payment Delinquency and Misuse
Abstract
Between October 1998 and May 2002, Bank of America wrote off over $62 million in bad debt from Department of Defense (DoD) government travel card holders. The travel card payment delinquency rate within the DoD for 2001 exceeded 12 percent of all dollars charged, costing the government over $3 million in lost rebates. By early 2002, Congress and the Secretary of Defense demanded changes to improve performance and accountability of the DoD Travel Card Program. Subsequent travel card reforms and policy changes have significantly reduced payment delinquency and misuse, but have done so at a cost to both military units and travelers. Travel card reforms and policy changes within the DoD and Marine Corps since May 2002 prevent units and travelers from realizing the envisioned benefits of the DoD Travel Card Program.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 08, 2005
- Accession Number
- ADA505072
Entities
People
- C. E. Dudik
Organizations
- Marine Corps University