Richard Cordray, Director (Director associated with the customer Finance Protection Bureau) /S/

Richard Cordray, Director (Director associated with the customer Finance Protection Bureau) /S/

TOPIC: Reaction To Office of Inspector General Report No. OIG-16-001

Many thanks for the chance to review and react to the Report that is final of (Final Report) into The FDIC’s Supervisory way of Refund Anticipation Loans together with Involvement of FDIC Leadership and Personnel, served by the FDIC’s workplace of Inspector General (OIG). Even though the FDIC’s reaction to the Draft Report of Inquiry on February 17, 2016, addressed the factual record, this response addresses the issues raised by the OIG for consideration.

FDIC Board breakdown of Policy Matters Raised when you look at the Final Report

The OIG asked for that FDIC look at the presssing issues within the Final Report and apprise the OIG of any actions FDIC will need because of this. Continue reading