OIG Finds CFPB Needs to Improve On Travel Cards, Purchase Cards
October 7, 2013
Overall, internal controls for the CFPB Government Travel Card program should be strengthened to ensure program integrity, according to a new report by the Federal Reserve Office of Inspector General, which audits the bureau. While controls over the GTC issuance process were designed and operating effectively, we found that controls are not designed or operating effectively to prevent and detect fraudulent or unauthorized use of GTCs, and [to] provide reasonable assurance that cards are properly monitored and closed...