CFPB Report: 2016-FMIC-C-009 June 27, 2016
The CFPB provides credit cards to its employees for official travel and related expenses, which totaled $16.7 million in fiscal year 2015. We tested the CFPB's controls for identifying and preventing illegal, improper, and erroneous purchases and payments.
Weaknesses in the CFPB's controls resulted in several issues. Some employees were reimbursed for lodging and meals while on personal leave during official travel. Others used their cards for personal use while not on official travel. Further, several approving officials had not been adequately trained in travel card policies. Finally, in some cases, cards of departing employees were not promptly deactivated.
We made several recommendations to address these issues, which the agency concurred with.
