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CFPB Report: 2015-MO-C-002 March 4, 2015

The CFPB Can Enhance Its Diversity and Inclusion Efforts

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Memorandum

OFFICE OF INSPECTOR GENERAL
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
CONSUMER FINANCIAL PROTECTION BUREAU

March 4, 2015

Memorandum

TO:

Sartaj Alag
Chief Operating Officer
Consumer Financial Protection Bureau

Stuart Ishimaru
Assisant Director, Office of Equal Opportunity and Fairness
Consumer Financial Protection Bureau

FROM:

Melissa Heist     /signed/
Associate Inspector General for Audits and Evaluations

SUBJECT:

OIG Report No. 2015-MO-C-002: The CFPB Can Enhance Its Diversity and Inclusion Efforts

The Office of Inspector General has completed its report on the subject audit. We conducted this audit in response to a congressional request for information on the Consumer Financial Protection Bureau's (CFPB) activities related to diversity and inclusion. Our objective was to assess the CFPB's human resources-related operations and other efforts to provide for equal employment opportunities, including equal opportunity for minorities and women to obtain senior management positions, and increase racial, ethnic, and gender diversity in the workforce.

Our report contains recommendations designed to improve the monitoring and promotion of diversity and inclusion at the CFPB, as well as strengthen related controls. In the CFPB's response to our draft report, the Director of the CFPB concurred with our recommendations and indicated progress in addressing the recommendations since the end of our review. We have included the Director's response as appendix I in our report.

We appreciate the cooperation that we received from the CFPB's Office of Human Capital, Office of Equal Employment Opportunity, and Office of Minority and Women Inclusion. Please contact me if you would like to discuss this report or any related issues.

cc:

Jeffrey Sumberg, Chief Human Capital Officer
Analisa Archer, Deputy Chief Human Capital Officer
M. Stacey Bach, Director, Office of Civil Rights
Christopher D’Angelo, Chief of Staff
Stephen Agostini, Chief Financial Officer
J. Anthony Ogden, Deputy Inspector General