On March 3, the OIG for the Fed and CFPB published a report titled “The Bank Exams Tailored to Risk Process Promotes Risk-Focused Supervision ...
OIG found that the agency didn’t always restrict access to data on enforcement actions to only the people working on the case at the time — in other words, the CFPB didn’t remove employees ...
The representatives encouraged GAO and OIG of the Fed to “promptly investigate these developments” and report back with any “recommendations to ensure that the [CFPB] is [fulfilling] its ...