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Volume 25 - Number 23

November 10, 2014

CFPB Faces Major Management Challenges, Inspector General Says

The CFPB has a handful of significant managerial hurdles to overcome that threaten to hamper the bureau’s accomplishment of its strategic objectives, according to a new report from the agency’s Office of Inspector General. The first major challenge is improving the operational efficiency of its supervisory program for depository and non-depository institutions. The OIG started by saying the bureau has made significant progress towards developing and implementing its program in this regard. Still, more can be done. The OIG said the bureau’s management will focus on this as the agency works to “clear a considerable number of draft examination reports that have yet to be issued, improve its reporting timeliness, ensure the timely recording of data in its tracking system, ...

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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