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Volume 25 - Number 4

February 17, 2014

OIG to Probe Escalating Costs for CFPB HQ Rehab, Per GOP Request

The Federal Reserve Office of Inspector General will be initiating some sort of audit or evaluation of the reasons the renovation costs for the CFPB’s headquarters building in Washington, DC, have soared to more than three times their original estimate, Inside the CFPB has learned. The OIG responded to a request from Rep. Patrick McHenry, R-NC, a key subcommittee chairman within the House Financial Services Committee structure. “We have received a request from Chairman McHenry of the House Financial Services Subcommittee on Oversight and...

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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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