The Office of the Inspector General released a report saying that the CFPB should determine the appropriate level of enforcement attorney integration into its examinations. The OIG’s results indicated that the CFPB’s February 2012 policy did not sufficiently detail how the approach should be implemented, nor was it distributed to their supervision and enforcement staff. CFPB senior officials informed the OIG that they had finalized their internal review and had reconsidered its approach regarding integrating enforcement attorneys into examinations. The resulting policies, which became effective November 2013, are not evaluated in this report.
Read the report.
Read the Executive Summary.