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Thursday, October 30, 2014

OIG: CFPB Faces Major Management Challenges

The OIG of the Federal Reserve and CFPB issued its first list of major management challenges facing the CFPB. The OIG believes that if these issues are not addressed they are the issues most likely to hamper the CFPB’s accomplishment of its strategic objectives.

The OIG believes the major challenges for the CFPB are:

  • Improving the Operational Efficiency of Supervision
  • Building and sustaining a high-performing workforce
  • Implementing new management operations
  • Providing for space needs
  • Ensuring an effective information security program

Read the OIG report.

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