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Introduction to the OIG

Who We Are

The Office of Inspector General (OIG) for the Board of Governors of the Federal Reserve System (Board) and the Consumer Financial Protection Bureau (CFPB) is an independent and objective oversight authority established under the Inspector General Act of 1978, as amended.

What We Do

The OIG's mission is to provide independent oversight by conducting audits, investigations, and other reviews of the programs and operations of the Board and the CFPB. 

  • We make recommendations to improve economy, efficiency, and effectiveness, and we prevent and detect fraud, waste, and abuse. 
  • We share our findings and make corrective action recommendations to the Board and the CFPB, but we do not have the authority to manage agency programs or implement changes. 
  • We keep the Board's Chair, the CFPB's Director, and Congress fully informed of our findings and corrective action recommendations, as well as the agencies' progress in implementing corrective action.

How You Can Help

Anyone can report matters of concern related to Board or CFPB programs and operations to the OIG. Examples of complaints include

  • violations of laws, rules, or regulations
  • mismanagement
  • gross waste of funds
  • abuse of authority
  • substantial and specific danger to the public health and safety involving Board or CFPB employees, programs, or operations

The Board and the CFPB have issued policies that require all employees, contractors, grantees, and other persons carrying out functions for the Board and the CFPB to cooperate with and be responsive to information requests and questions from the OIG in connection with an OIG inquiry. These individuals also have a duty to promptly report instances of fraud, waste, abuse, misconduct, or criminal activity in Board or CFPB programs and operations to the OIG.

Contact us through our Hotline if you are aware of these or other concerns related to Board or CFPB programs or operations.

RELATED INFORMATION

OIG FAQs

Get more OIG information by topic.

OIG Brochure

The brochure provides a brief introduction to the OIG.

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