CFPB, Federal Agencies, State Agencies, and Attorneys General
The Office of Inspector General for the Fed and CFPB (OIG) has issued a report on the results of its audit of the construction costs for the CFPB’s Washington, D.C. headquarters renovation. The renovation costs have been the subject of criticism by some lawmakers.
The OIG found that the costs “appear reasonable based on comparisons to an independent cost estimate and the costs of two comparable building renovations identified by the U.S.… Continue Reading
The CFPB’s headquarters renovations is now the subject of two ongoing projects of the Office of Inspector General (OIG), according to the OIG’s updated work plan as of July 25, 2014.
As the OIG indicates in the work plan, it issued a letter in June 2014 reporting the results of its evaluation of the CFPB’s renovation budget. … Continue Reading
The ballooning cost estimates for renovating the CFPB’s Washington, D.C. headquarters was the subject of verbal sparring between Director Cordray and Republican Congressmen during Director Cordray’s most recent appearance before the House Financial Services Committee. That sparring is likely to become even more heated as a result of a letter issued earlier this week by the Office of Inspector General (OIG) for the Fed and CFPB evaluating the CFPB’s renovation budget. … Continue Reading
We recently reported that the CFPB had issued its first Annual Freedom of Information Act (FOIA) Report which provided statistical information for FOIA requests the CFPB received in FY 2013. It turns out that one of those FOIA requests was made by the Washington Newspaper Publishing Co, which publishes the Washington Examiner. … Continue Reading
Since issuing its work plan updated as of January 21, 2014, the only new notable item added by the by the Office of Inspector General (OIG) to its work plan updated as of March 3, 2014 is an evaluation of the CFPB’s headquarters renovation budget. The evaluation is being done at the request of Republican Representative Patrick McHenry, who chairs the House Financial Services Committee’s Subcommittee on Oversight and Investigations. … Continue Reading
