CFPB Report: 2013-AE-C-021 December 16, 2013
OFFICE OF INSPECTOR GENERAL
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
CONSUMER FINANCIAL PROTECTION BUREAU
WASHINGTON, DC 20551
December 16, 2013
Steve Antonakes
Deputy Director and Associate Director for Supervision, Enforcement, and Fair Lending
Consumer Financial Protection Bureau
OIG Report No. 2013-AE-C-021: The CFPB Should Reassess Its Approach to Integrating Enforcement Attorneys Into Examinations and Enhance Associated Safeguards
Attached is the Office of Inspector General's report on the subject evaluation. Our objectives were to assess the potential risks associated with the Consumer Financial Protection Bureau's (CFPB) approach to integrating enforcement attorneys into examinations, as well as the effectiveness of any safeguards that the CFPB adopted to mitigate the potential risks associated with this examination approach.
We provided you with a draft of our report for review and comment. In your response, you concurred with our recommendations and outlined actions that have been taken or will be implemented to address our recommendations. We have included your response as appendix B to our report.
We appreciate the cooperation that we received from CFPB staff during our evaluation. Please contact me if you would like to discuss this report or any related issues.
Attachment
David Bleicken
Patrice Ficklin
Kent Markus
Paul Sanford
Peggy Twohig
