An original Congressional sin sets up a brawl over CFPB.
Trade groups representing banks and credit unions say they haven’t had enough time to study the DoD’s rules to protect servicemembers from predatory loans.
When it comes to financial management, it didn't take the relatively new Consumer Financial Protection Bureau to get off track. The Government Accountability Office found the bureau has significant deficiencies in its internal controls. It has trouble accounting for its property, including software licensing. For the latest, Federal Drive with Tom Temin turns to Larry Malenich, director of financial management and assurance issues at the GAO.
The Freedom of Information Act has been the law of the land for 50 years, but former government officials say the landmark transparency bill doesn't empower agency offices to reduce their huge information request backlogs.
The chairmen of two Senate financial committees claim an agency's online retirement planning calculator misled seniors about how much they could expect to receive in retirement benefits.
The year-old DATA Act is forcing agencies to standardize their financial data. And, even without a law, Congress and regulatory agencies slowly are doing the same with legislation and regulations.
Congress is renewing its push for more oversight of a controversial agency. Two House members introduced the Bureau of Consumer Financial Protection Inspector General Act of 2015. It's a bipartisan effort, sponsored by Reps. Tim Walz (D-Minn.) and Steve Stivers (R-Ohio). The bill would create an independent Inspector General position at the CFPB. Stivers joined Tom Temin on the Federal Drive with more on the bill.
Following complaints of widespread discrimination, the Consumer Financial Protection Bureau is overhauling its system for evaluating employee performance. The financial watchdog's performance-appraisal system resulted in "systematically lower ratings" for black and Hispanic employees, employees over the age of 40, employees located in field offices and those employed at lower pay scales, according to report on the performance-appraisal system published by the agency earlier this month.
Agencies are working toward implementing an executive order designed to crack down on "fly- by-night" colleges that target military members' education benefits
Government Executive Editor-in-Chief Tom Shoop joined In Depth with Francis Rose to discuss the official opening of the Consumer Financial Protection Bureau. Earlier this week, former Ohio Attorney Gen. Richard Cordray was named the new head of the agency.