Federal Reserve-CFPB OIG
@OIGFedCFPB
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Independent oversight of @federalreserve and @CFPB. DMs/replies not monitored. Official accounts can be verified at https://t.co/0F9zm68VHI.
Washington, DC
Joined September 2015
We oversee @federalreserve & @CFPB programs & ops, but for consumer issues with your bank, contact these agencies
oig.federalreserve.gov
Federal agency contact information for questions or complaints about credit cards, mortgages, other consumer financial products, and financial institutions.
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Report: Results of Scoping of the Evaluation of the @federalreserve’s Practices and Controls for Safeguarding Confidential Supervisory Information in OASIS https://t.co/w769A9CyOW
oig.federalreserve.gov
The Board’s OASIS technology platform, which examiners use to document their supervisory activities of the nation’s largest financial institutions, contains confidential supervisory information.
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Co-Founder of Paycheck Protection Program Lender Service Provider Sentenced for $65M COVID-19 Relief Fraud Scheme https://t.co/X2koaxUXDn
justice.gov
A co-founder of a lender service provider was sentenced to 10 years in prison for participating in a scheme to fraudulently obtain over $65 million in Paycheck Protection Program (PPP) loans guaran...
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Listen to Inspector General Horowitz discuss his transition here from @JusticeOIG, the benefits of the @cigiegov oversight community, and the return on investment OIGs provide. https://t.co/3rtflevqXK
federalnewsnetwork.com
This episode, host Michael Binder from MCI speaks with Michael Horowitz, Inspector General for the Federal Reserve Board and Consumer Financial Protection Bureau. See Privacy Policy at https://art19.
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Report: The @federalreserve Has Generally Effective Processes for Approving and Monitoring the Currency Budget’s Multicycle Projects but Can Better Document Those Processes https://t.co/kB285yMqv2
oig.federalreserve.gov
The Board is the sole issuing authority of the nation's currency, and it pays the Bureau of Engraving and Printing for expenses related to producing banknotes. This includes a multicycle project
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Report: The @federalreserve’s Contract Solicitation, Selection, and Award Processes for the Contracts We Reviewed Were Generally Effective but Can Be Further Enhanced https://t.co/Kl1FnF9PbR
oig.federalreserve.gov
We reviewed the effectiveness of the Board’s contract solicitation, selection, and award processes. Our review was limited to a nonstatistical sample of certain types of contracts for goods and
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New York Developer Charged With Defrauding Pandemic Relief Loan Programs of More Than $8 Million https://t.co/PiUeEFA5jY
justice.gov
BOSTON – A New York real estate developer and investor has been charged in connection with a scheme to defraud pandemic relief programs in 2020 and 2021.
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Two Virginia Men Arrested for Conspiring to Destroy Government Databases https://t.co/29FK0NYX5d
justice.gov
Two Virginia men were arrested today for their roles in a conspiracy to destroy government databases hosted by a federal government contractor, among other crimes.
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Co-Founder of Paycheck Protection Program Lender Service Provider Sentenced for $63M COVID-19 Relief Fraud Scheme https://t.co/jAjUoZ4AVE
justice.gov
A co-founder of a lender service provider was sentenced to 10 years in prison for participating in a scheme to fraudulently obtain over $63 million in Paycheck Protection Program (PPP) loans guaran...
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Our semiannual report to Congress summarizes significant audit, evaluation, and investigative work concerning the @federalreserve and the @CFPB. https://t.co/lpt0loNXXb
oig.federalreserve.gov
Review of agency programs and operations.
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We have initiated an audit of the @CFPB's compliance with the Payment Integrity Information Act of 2019. https://t.co/487xOiB4so
oig.federalreserve.gov
Summary of our ongoing audits, evaluations, and other reviews of the Board and the CFPB.
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We have initiated a forensic evaluation of the @federalreserve's CCure system, which manages access to Board buildings. https://t.co/487xOiAwCQ
oig.federalreserve.gov
Summary of our ongoing audits, evaluations, and other reviews of the Board and the CFPB.
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Report: The @CFPB Can Enhance Its Processes for Storing and Disposing of Its IT Asset Inventory https://t.co/0aFOOKhPnC
oig.federalreserve.gov
In 2024, we received a referral that the CFPB could not account for 74 newly purchased laptops, which it believed were lost or stolen due to potential control weaknesses during receiving and
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2025 Audit of the @CFPB's Information Security Program https://t.co/tQBqED1qYs
oig.federalreserve.gov
Each year, we audit the CFPB's information security program as required by the Federal Information Security Modernization Act. The maturity level of the CFPB's information security program has
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2025 Audit of the @federalreserve's Information Security Program https://t.co/IAVI7TgaKX
oig.federalreserve.gov
Each year, we audit the Board's information security program as required by the Federal Information Security Modernization Act. The maturity level of the Board's information security program has
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Our reports often recommend specific actions for the @CFPB to take to correct or improve issues that we have identified. As of September 30, 2025, 29 of our recommendations remained open. https://t.co/8GGyoORBA6
oig.federalreserve.gov
Our open recommendations reports contain information about recommendations we have made to the Board and to the CFPB that have been open for more than 6 months.
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Our reports often recommend specific actions for the @federalreserve to take to correct or improve issues that we have identified. As of September 30, 2025, 57 of our recommendations remained open. https://t.co/8GGyoORBA6
oig.federalreserve.gov
Our open recommendations reports contain information about recommendations we have made to the Board and to the CFPB that have been open for more than 6 months.
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Former Bank of O’Fallon Executive Sentenced to Prison for Swindling $2 Million in Check Kiting Fraud Scheme https://t.co/W3IfzsTTPu
justice.gov
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Report: The @federalreserve’s Law Enforcement Unit Can Clarify Its Authority and Document Processes for Its Physical Security Program https://t.co/ghd8sC3dfb
oig.federalreserve.gov
At Board properties, the Law Enforcement Unit provides a safe and secure environment for staff and visitors. While the Board’s physical security program is generally effective, its foundational
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Man Sentenced for Over $11 Million COVID-19 Relief Fraud and Money Laundering Scheme https://t.co/dDvWeWCmXS
justice.gov
A Nevada man was sentenced today to over 15 years in prison and five years of supervised release for fraudulently obtaining more than $11 million in Paycheck Protection Program (PPP) loans guaranteed...
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Florida Couple Sentenced to More Than Nine Years Combined in Prison for Scheming to Defraud Pandemic Relief Loan Programs https://t.co/mBuxkYOJaE
justice.gov
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