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Thursday, June 5, 2014

OIG Evaluates CFPB

The Office of the Inspector General initiated an evaluation of the CFPB’s headquarters renovation budget in response to a request from the Chairman of the Subcommittee on Oversight and Investigations, House Committee on Financial Services. In examining the CFPB the OIG will audit their contract management process, public consumer complaint database, cloud computing environment and provider and space-planning activities, as well as activities under the government performance and results act. The OIG will evaluate the CFPB’s hiring process and their compliance with section 1100G of the Dodd-Frank Act.

The evaluation and final report are expected in the next semiannual reporting period.

Read more.

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