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September 30, 2014

Major Management Challenges for the Consumer Financial Protection Bureau

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CFPB Management Challenges: Crosswalk to Ongoing and Planned OIG Work

Management Challenge 1: Improving the Operational Efficiency of Supervision

Ongoing work

  • Joint Evaluation of Coordination Between the CFPB and Other Regulatory Agencies

Planned work for 2014

  • Evaluation of the Effectiveness of the CFPB's Examination Workpaper Documentation
Management Challenge 2: Building and Sustaining a High-Performing Workforce

Ongoing work

  • Evaluation of CFPB's Hiring Process
  • Audit of the CFPB's Diversity and Inclusion Processes
Planned work for 2014
  • Audit of the CFPB's Pay and Compensation Program
Management Challenge 3: Implementing New Management Operations

Ongoing work

  • Audit of the CFPB's Distribution of Civil Penalty Funds
  • Audit of the CFPB's Contract Management Process
  • Audit of the CFPB's Public Consumer Complaint Database
  • Evaluation of the CFPB's Hiring Process
  • Risk Assessment of the CFPB's Travel Card Program

 

 

Management Challenge 4: Providing for Space Needs

Ongoing work

  • Audit of the CFPB's Space-Planning Activities
  • Audit of the CFPB's Headquarters Renovation Costs
Planned work for 2014
  • Additional audit work will be planned based on the results of our ongoing projects.
Management Challenge 5: Ensuring an Effective Information Security Program

Ongoing work

  • Audit of the CFPB's Cloud Computing Environment
  • Security Control Review of the CFPB's DT Complaints Database
  • 2014 Audit of the CFPB's Information Security Program
  • Audit of the CFPB's Tableau System
 
Source: Office of Inspector General, Work Plan, updated September 5, 2014. The OIG's current Work Plan is available at http://oig.federalreserve.gov/reports/work-plan.htm.

LINKS TO THE BOARD AND THE CFPB

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