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Consumer Financial Protection Bureau (CFPB) › Enforcement › Office of the Inspector General

Ballard Spahr LLP

Independent Fed Inspector General assigned to CFPB investigating administration’s actions at the CFPB

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The independent Office of Inspector General (OIG) for the Federal Reserve System (FRS) and Consumer Financial Protection Bureau (CFPB) is investigating the bureau’s workforce reductions and its canceled contracts, according...more

Ballard Spahr LLP

OIG seeks improved CFPB approach for notifying prudential regulators of violations by smaller financial institutions

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The Office of Inspector General for the Fed/CFPB has sent a memorandum to the CFPB, the subject of which is “The CFPB Can Enhance Its Process for Notifying Prudential Regulators of Potential Material Violations.” The memo...more

Ballard Spahr LLP

OIG identifies five major CFPB management challenges

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The joint Federal Reserve/CFPB Office of the Inspector General (OIG) recently issued its first listing of “major management challenges” facing the CFPB. These challenges represent what the OIG believes to be “the areas that,...more

Goodwin

CFPB Ceases its Practice of Using Enforcement Attorneys During Supervisory Examinations

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After concerns from the industry, its own ombudsman, and the Office of Inspector General for the Federal Reserve Board and the CFPB, the CFPB has announced that effective November 1, 2013, it will cease having enforcement...more

Ballard Spahr LLP

OIG provides update on CFPB projects

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The updated work plan as of August 30, 2013 of the Office of Inspector General (OIG) for the Fed and CFPB describes various CFPB projects that are “in progress” or “planned.”...more

Ballard Spahr LLP

OIG to issue report on presence of CFPB enforcement attorneys in exams by October 31

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In its Semiannual Report to Congress for the six month period ending March 31, 2013, the Federal Reserve Board’s Office of the Inspector General (OIG) indicates that, during the next semiannual reporting period (which ends...more

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