2: Bureau of Consumer Financial Protection's Programs & Operations

Enhance Economy, Efficiency, and Effectiveness; Limit Risk; Detect and Prevent Fraud and Abuse; and Ensure Compliance in the Bureau of Consumer Financial Protection's Programs and Operations

Other Information:

The OIG is establishing the foundation for its oversight of the Bureau's developing functions and responsibilities and will build upon that structure to ensure comprehensive coverage of the Bureau's activities. The Bureau is considered an "executive agency," as defined in 5 U.S.C. §105, so certain laws, regulations, and guidance may apply to the Bureau that do not apply to the Board. We recognize that the Bureau's evolving mission and operations will influence our approach to this goal; therefore, we will build flexibility into our plans to adapt to the Bureau's changing priorities and operational direction. The OIG will use a risk-based oversight approach that considers the Bureau's strategic objectives, financial impacts, and potential operational and compliance risks to the Bureau's functions. We will focus our Goal 2 oversight efforts on the strategic objectives described below.

Stakeholder(s):

• Bureau of Consumer Financial Protection

Objective(s):

2.1: Governance, Functions & Operations

2.1.1: Planning, Governance & Controls

2.1.2: Budget

2.1.3: Transfers of Functions

2.1.4: HR

2.1.5: Training

2.1.6: Information Systems & Security

2.1.7: Physical Infrastructure

2.2: Rules, Orders & Guidance

2.3: Supervision & Enforcement

2.4: Financial Education

2.5: Financial Products & Services

2.6: Consumer Complaints

2.7: Fraud, Waste, Abuse & Misconduct

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