Volume 25 - Number 2
January 20, 2014
Bureaus Own DFA Compliance Among Audits Planned by OIG
The Office of the Inspector General of the Federal Reserve Board plans to complete several audits and evaluations of the CFPB, including one on the CFPBs own compliance with the Dodd-Frank Act, which requires the bureau to describe the impact of any proposed rule on the cost of credit for small entities. Also on tap is an evaluation of the CFPBs supervision program for large banks and nonbanks, and a third on the bureaus hiring process. Also, the OIG will join its counterparts at the Federal Deposit Insurance Corp., the National Credit Union...
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